Canadian factory PMI falls to three-year low in September as weak market demand weighs

📆 02-10-23 19:08:00
📰 globebusiness

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The S&P Global Canada Manufacturing Purchasing Managers’ Index fell to a seasonally adjusted 47.5 in September from 48.0 in August

Canada’s manufacturing sector downturn deepened in September to its lowest level since shortly after the start of the COVID-19 pandemic as weak market demand weighed on production and new orders, data showed on Monday.

A reading below 50 indicates contraction in the sector. The PMI has been below that threshold since May. “With job shedding again reported, these later developments add support to the Bank of Canada’s recent decision to hold its main policy rate unchanged,” Smith said.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European stocks start fourth quarter with gains; focus on PMI data(Reuters) - European stocks started the final quarter of 2023 with modest gains on Monday, as the U.S. avoided a federal government shutdown, while ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »