The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey data from S&P Global revealed on Monday.
The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6. Demand from both domestic and overseas markets decreased in October. Total new business shrank for the thirteenth straight month. New export orders dropped for the forty-fifth straight month as ongoing tariff uncertainties and competitiveness issues led to reduced overseas demand.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.