Canada Manufacturing Index Improves

The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in February was 52.4, up 1.4 points from January. Manufacturers reported a rise in demand due to a drop in inflation and increased market confidence.

The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. IHS Markit and S&P Global merged in 2022. See S&P Global

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