02.07.2025 17:05

Canada's manufacturing sector experienced a contraction in June, as indicated by a decline in the S&P Global Manufacturing Purchasing Managers' Index (PMI). The PMI fell to 45.6, down from 46.1 in May, signaling a further weakening of the sector's performance. This downturn suggests a continued slowdown in manufacturing activity within the Canadian economy.

This data, obtained from internet sources, highlights a concerning trend for Canadian manufacturers. A reading below 50 indicates contraction, and the June figure reinforces the ongoing challenges faced by the industry. Analysts will be closely scrutinizing these figures to understand the underlying causes and predict future performance.

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