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CA PMI hits lowest level since May 2020
Canada’s manufacturing sector remained inside contraction territory during September. Output, orders and employment all fell amid reports of softening market conditions. Purchasing activity was subsequently cut as firms focused on reducing any excess inventory at their plants. Cost pressures showed signs of stabilisation following August’s upturn. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index® (PMI®) is a composite singlefigure indicator of manufacturing performance derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of ... (full story)