Downturn in CA manufacturing sector gathers pace in June

From pmi.spglobal.com

Canada’s manufacturing economy remained mired in contraction territory during June amid steep contractions in both output and new orders. Tariffs were again a dominant theme in the latest survey period, with firms noting a heavy impact on demand, the supply of inputs and their prices. With the outlook remaining uncertain, job losses were again registered whilst purchasing activity was lowered noticeably. The S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®), a composite index designed to provide an overview of the health of the manufacturing sector, recorded 45.6 in June. That was down from ... (full story)