CA manufacturing conditions continue to deteriorate

CA manufacturing conditions continue to deteriorate

From pmi.spglobal.com

Latest data for Canada's manufacturing sector signalled another difficult month with output and new orders falling once again. Demand was hit by interest rate hikes and client uncertainty while firms grew less optimistic over their output expectations for the year-ahead. Subsequently, staffing levels, purchasing activity and inventory holdings all fell for the second month in a row. There were, however, positives on the price front with both input price and output charge inflation easing to 22-month lows. There were still reports of rising wage and material prices, however. The seasonally adjusted S&P Global ... (full story)

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