Downturn in Canadian manufacturing sector continues to ease during August | Metals Mine

  • Downturn in Canadian manufacturing sector continues to ease during August

    From pmi.spglobal.com

    Canada’s manufacturing economy remained inside contraction territory during August, with output, new orders and employment all declining since July albeit at noticeably slower rates compared to earlier in the year. A lack of demand, especially from international markets due to tariffs, was again widely noted by manufacturers. Tariffs also continued to underpin inflationary pressures, with prices rising to a stronger degree than in July, whilst custom delays and logistical challenges led to a further lengthening of lead times. Confidence in the future meanwhile improved but remained well below trend. Continued ... (full story)

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