-
Canada: Manufacturing sector downturn sustained
The performance of Canada’s manufacturing economy worsened again at the end of 2025. Output and new orders fell as tariffs and broad market uncertainty continued to weigh on the sector. Supply-side delays were again apparent, whilst the survey’s price indices picked up since November. Job losses were also reported, whilst confidence in the outlook remained historically subdued. 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 48.6 in December, little changed on November’s 48.4. It ... (full story)