Canada's Manufacturing Sector Contracts for 11th Consecutive Month
Canada's manufacturing sector has contracted for 11 months, with December's PMI at 48.6. Trade uncertainty and tariffs weigh heavily on production and new orders.
Insights:
Canada's manufacturing sector continues to face significant challenges, marking its 11th consecutive month of contraction as reported by the S&P Global Canada Manufacturing PMI . The PMI reading for December edged slightly higher to 48.6 from 48.4 in November, yet it remains below the crucial 50 threshold, indicating ongoing contraction. The persistent downturn is largely attributed to trade uncertainty and tariff concerns, which have been affecting both output and new orders.
