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CA manufacturing sector heads closer to stabilisation in March
Operating conditions in Canada’s manufacturing economy remained subdued in March. Output and new orders both continued to fall, albeit at marginal rates. Firms continued to focus on destocking, whilst reports of supply chain delays led to a firmer increase in input prices. However, confidence in the 12-month outlook improved, leading firms to add to their staffing levels for a second successive month. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ IndexTM (PMI®) remained below the crucial 50.0 no-change mark in March for an eleventh successive month to signal another worsening of ... (full story)