News Formal

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

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

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

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.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 31. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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 ...
Fonte: SaltWire Network - 🏆 45. / 63 Leggi di più »