Tariffs cause sharpest decline in Canadian mfg. output and orders since COVID-19: S&P Global PMI

Tariffs cause sharpest decline in Canadian mfg. output and orders since COVID-19: S&P Global PMI

Canada’s manufacturing sector experienced its most challenging month in nearly five years this April, according to the latest data from S&P Global. The sector saw declines in output and new orders, marking the sharpest falls since the height of the COVID-19 pandemic. This downturn is largely attributed to tariffs and unpredictable U.S. trade policies, which have heavily impacted the industry. The S&P Global Canada Manufacturing Purchasing Manage…

Canadian factory PMI hits near five-year low on tariff uncertainty

CANADA-ECONOMY/PMI (URGENT):Canadian factory PMI hits near five-year low on tariff uncertainty

Tariff War: Global Manufacturing Activity Contracts For First Time This Year

Global manufacturing activity contracted for the first time this year in April, dragged down by shrinking orders and employment.The JPMorgan Global Manufacturing Index decreased to 49.8 from 50.3 a month earlier as uncertainty around US trade and tariff policies weighed on demand and business expectations. Figures below 50 indicate contraction.The future output index fell to the lowest level since October 2022 and has slid 4.5 points since Presi…