Advertisment: Axalta Coating Systems » Axalta - Order 6213 » Axalta Leaderboard August 2025 » Axalta Leaderboard August 2025

Inflation Hangover: Canadian manufacturing at a historic seven-year slow

spgmi-logo-1200x627px-min

Toronto, Ontario — Canada’s manufacturing sector is facing its longest slowdown in seven years, according to recent data by S&P Global Canada.

This data indicates that Canada’s Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 49.2 in December from 49.6 in November, the fifth month in a row where the index remained below the 50 threshold.

This follows a four-month low of 47.1 from 29.0 in November.

“The Canadian manufacturing economy turned in another relatively subdued performance as 2022 closed,” wrote Paul Smith, economics director at S&P Global Market Intelligence in a statement.

Smith cites this as a result of Canadian companies continuing to be affected by persisting supply constraints and price stickiness.

“Firms reported again that weak market demand reflected both ongoing uncertainty and the negative impact of high inflation.”

Advertisment: Global Finishing Solutions » GLOBAL FINISHING SOLUTIONS- Order 6240 » GFS Featured Rect Aug 2025 » GFS Featured Rect Aug 2025
Page 1 of 1659
Next Page
Advertisment: Prime Carcare Group Inc » Prime Car Care - Order 6220 » Prime car care Novus Featured Rect Aug 2025 » Novus Featured Rect Aug 2025
Advertisment: Axalta Coating Systems » Axalta - Order 6213 » Axalta Leaderboard August 2025 » Axalta Leaderboard August 2025