The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in April was 50.2, up 1.6 points from March. Manufacturers reported an increase in output due to higher capacity from employment growth.
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