The UK private sector registered a renewed downturn in May amid the growing impact of the war in the Middle East, survey results from S&P Global showed Thursday.The flash composite output index fell to 48.5 in May from 52.6 in April. The score was expected to fall to 51.6. The index remained below the neutral 50.0 mark for the first time since April 2025.The downturn in the British private sector ...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.