Canada S&P Global Manufacturing PMI Inches Closer to Stabilization in March
Monday, 1 April 2024, 13:44
Canada S&P Global PMI Update:
March PMI: 49.8 (up from 49.7 in February)
Key Insights:
- Market Demand: Subdued with clients hesitant to commit to new work
- Manufacturers Focus: Destocking and aligning production
- Price Inflation: Concerns over input price inflation
Firms remain cautious due to restrictive interest rates and below-trend optimism in the outlook for production growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.