China's manufacturing sector contracted slightly in August, driven by a renewed drop in output and a further fall in new work, survey results from IHS Markit showed on Wednesday.The Caixin factory Purchasing Managers' Index fell to 49.2 in August from 50.3 in July. A score below 50 indicates contraction in the sector. It was the first time that business conditions had worsened since April 2020, wi...
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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.