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Canada May S&P Global manufacturing PMI 49.0 vs 50.2 prior

Canada May S&P Global manufacturing PMI 49.0 vs 50.2 prior
Prior was 50.2Softer new orders and outputDestocking remained a common theme amongst manufacturers and their clientsCommenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “A weak underlying demand profile weighed on the Canadian manufacturing sector during May, with production dropping since April and purchasing activity cut. The latter has had some further positive impact on supply chains, and with the challenges related to the pandemic n... Read More
Posted: Jun 1 2023, 13:30
Author Name: forexlive
Views: 081364

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