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Canada manufacturing PMI signals weakest improvement in business conditions for 6 months
August data signalled a renewed slowdown in output and new business growth across the Canadian manufacturing sector. Survey respondents commented on generally subdued client demand and a further slight reduction in new export work. This contributed to more cautious staff hiring policies in August and the fastest decline in purchasing activity since the start of 2016. Meanwhile, the latest survey signalled a further robust rise in input costs, but average prices charged by manufacturers increased only slightly. Adjusted for seasonal influences, the Markit Canada Manufacturing Purchasing Managers’ Index™ (PMI™) ... (full story)