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

📆 02/10/2023 18:08:00
📰 globebusiness

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

España Noticias Noticias

España Últimas Noticias,España Titulares

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.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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 ...
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »