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CANADA DATA: Mfg PMI At Highest Since Early 2023, Selling Prices Lag

CANADA DATA
GlobalCanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • The S&P Global Canadian manufacturing PMI increased from 49.5 to 50.4 in September for its highest monthly reading since Feb 2023. Full press release here.
  • “Supported by marginal gains in new orders and employment, operating conditions in Canada’s manufacturing economy strengthened during September. Confidence in the outlook also improved and output showed signs of stablising.”
  • “Amid reports that market demand conditions remained subdued overall, however, purchasing activity fell slightly.”
  • “On the price front, input cost inflation accelerated to its highest level for nearly a year-and-a-half. Output charges increased only modestly, however” and with the latter “at a noticeably slower degree than in August”.
  • Market reaction is firmly overshadowed by risk off flows following reports Iran is preparing a ballistic missile attack against Israel. 
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  • The S&P Global Canadian manufacturing PMI increased from 49.5 to 50.4 in September for its highest monthly reading since Feb 2023. Full press release here.
  • “Supported by marginal gains in new orders and employment, operating conditions in Canada’s manufacturing economy strengthened during September. Confidence in the outlook also improved and output showed signs of stablising.”
  • “Amid reports that market demand conditions remained subdued overall, however, purchasing activity fell slightly.”
  • “On the price front, input cost inflation accelerated to its highest level for nearly a year-and-a-half. Output charges increased only modestly, however” and with the latter “at a noticeably slower degree than in August”.
  • Market reaction is firmly overshadowed by risk off flows following reports Iran is preparing a ballistic missile attack against Israel.