CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CANADA DATA: Services PMI Slips Further To Contradict Mfg Improvement

CANADA DATA
GlobalCanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • "*CANADA S&P GLOBAL SEPT. SERVICES PMI AT 46.4 VS 47.8 PRIOR
  • *CANADA S&P GLOBAL SEPT. COMPOSITE PMI AT 47 VS 47.8 PRIOR" - bbg
  • The press release details the extent of deteriorating performance: "The performance of Canada’s services economy continued to deteriorate during September, with activity and new business declining at accelerated rates. Weak underlying demand was reported as clients remained reticent to commit to new contracts given geopolitical uncertainty and expectations of lower interest rates. Amid further evidence of spare capacity in the sector, employment declined at an accelerated rate.”
  • Whilst rate of input and output price inflation cooled further: “Input prices continued to rise markedly in September, largely due to increased wage and labour related expenses. That said, the rate of inflation was the weakest for three months and amongst the slowest registered by the survey in the past three-and-a-half years. Output price charges similarly rose at a weaker pace, with the rate of inflation also the slowest since June.”
  • “However, confidence in the outlook brightened, with sentiment its highest since March”
171 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • "*CANADA S&P GLOBAL SEPT. SERVICES PMI AT 46.4 VS 47.8 PRIOR
  • *CANADA S&P GLOBAL SEPT. COMPOSITE PMI AT 47 VS 47.8 PRIOR" - bbg
  • The press release details the extent of deteriorating performance: "The performance of Canada’s services economy continued to deteriorate during September, with activity and new business declining at accelerated rates. Weak underlying demand was reported as clients remained reticent to commit to new contracts given geopolitical uncertainty and expectations of lower interest rates. Amid further evidence of spare capacity in the sector, employment declined at an accelerated rate.”
  • Whilst rate of input and output price inflation cooled further: “Input prices continued to rise markedly in September, largely due to increased wage and labour related expenses. That said, the rate of inflation was the weakest for three months and amongst the slowest registered by the survey in the past three-and-a-half years. Output price charges similarly rose at a weaker pace, with the rate of inflation also the slowest since June.”
  • “However, confidence in the outlook brightened, with sentiment its highest since March”