- Prelim was 52.0
- Prior was 53.0
- Selling price inflation drops to 11-month low
- Job losses recorded amid uncertain outlook
Commenting on the latest survey results, Paul Smith,
Economics Director at S&P Global Market Intelligence
said:
“Latest data showed the continued underperformance
of Canada’s manufacturing economy. Output, new orders
and exports all continued to fall, with the uncertain
trading environment also leading firms to make cuts to
purchasing, inventories and employment.
“Once again tariffs and Canada’s trading relationship
with the United States remained a dominant theme
amongst survey participants, as firms noted the
detrimental impacts on exports and confidence in
general. Firms therefore understandably remain
cautious, preferring instead to adopt a wait-and-see
attitude rather than plan for and commit to new projects.
“One of the positives from the latest report is a
dissipation of price pressures, with both input costs
and selling prices rising at slower rates
