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Canadian PMI drops to lowest level for over three years

From pmi.spglobal.com

The Canadian manufacturing sector remained in contraction territory during August, with both output and new orders declining since the previous month. Job cuts were also apparent, whilst confidence in the outlook fell to its lowest since January. Price data showed that both input and output price inflation picked up since July. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index® (PMI®), a composite singlefigure indicator of manufacturing performance derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases, remained stuck below the ... (full story)

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  • Category: Low Impact Breaking News