Canada: Markit Manufacturing PMI slumps to 49.1 vs. 49.8 expected
|The Manufacturing PMI published by the IHS Markit in Canada fell to 49.1 in May from 49.7 in April, the lowest reading since December 2015, to show contraction at a faster pace in the sector's business activity.
Key takeaways from the press release
- The latest PMI reading was the lowest in nearly three-and-ahalf years, albeit still indicating only a slight downturn.
- Production continued to contract amid the sharpest drop in new orders since December 2015.
- Employment saw a fractional increase after a slight dip in April, whilst input price inflation eased to its slowest rate in over four years.
- Latest data pointed to deteriorating business conditions across all regions monitored by the survey.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.