In March, the seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) was 50.0, decreasing 1.0 point from February. Manufacturers attributed the decline to rising prices, reduced new orders, delayed production, and employment losses due to lower demand, supply chain disruption, and tariffs.
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. See S&P Global