Operating conditions in Canada’s manufacturing sector continued to worsen during October. Output and orders both fell, whilst companies continued to engage in reduced purchasing and destocking. Job cuts were sustained, albeit at a negligible pace. Worryingly for firms, input price inflation jumped, and concerns that high prices will persist combined with the possibility of recession meant confidence in the outlook slipped to its lowest level for nearly three-and-a-half years. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®), a composite singlefigure indicator of ... (full story)