Canadian factory PMI falls in April as downturn hits one year

Paul Smith Nouvelles

Canadian factory PMI falls in April as downturn hits one year
Manufacturing SectorS&P Global Canada Manufacturing Purchasing ManageLengthy Period
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Canadian manufacturing activity slowed in April, extending a lengthy period of contraction for the sector, as output and new orders fell at an accelerated...

TORONTO - Canadian manufacturing activity slowed in April, extending a lengthy period of contraction for the sector, as output and new orders fell at an accelerated pace and inflation pressures picked up, data showed on Wednesday.

The measure of future output rose to 61.9 from 60.8 as firms retained confidence that production would rise from current levels, but the improvement in sentiment was held in check by elevated borrowing costs. "Inflation rates are also frustratingly sticky, with supply-side delays noted as a factor pushing up input costs," Smith said.

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Manufacturing Sector S&P Global Canada Manufacturing Purchasing Manage Lengthy Period Output Index Inflation Rates

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