In November, the seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) was 52.0, improving 0.9 points from October and marking the highest reading in 21 months. Manufacturers reported an increase in new orders, output, and employment.
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. See S&P Global
