- Analytics
- News and Tools
- Market News
- Canada’s manufacturing sector remains in contraction territory in June
Canada’s manufacturing sector remains in contraction territory in June
June’s data released by IHS Markit on Tuesday signaled another difficult month for the Canadian manufacturing sector.
According to the report, the seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) edged up to 49.2 from May's 41-month low of 49.1.
Economists had expected the reading to drop to at 49.0.
A reading above 50 signals an expansion in activity, while a reading below this level signals a contraction.
According to the report, a sharper decline in production levels was the main factor weighing on the headline PMI in June. The downturn in output accelerated since the previous month and was the fastest since December 2015.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
