The euro area manufacturing logged another strong growth in August but the pace of momentum waned as supply issues weighed on production, final data from IHS Markit showed on Wednesday. The final manufacturing Purchasing Managers' Index fell to a six-month low of 61.4 in August from 62.8 in July. The flash reading was 61.5. This marked a second successive month in which growth has slowed in the se...
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Business News
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.