The downturn of Canada’s manufacturing sector was extended into the start of 2024 with concurrent falls seen in output, new orders, and employment. However, rates of decline softened since December, whilst confidence in the future improved. Latest prices data also showed weaker rates of both input and output price inflation despite reports of shipping delays caused by the crisis in the Red Sea. 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, ... (full story)