Canada's Manufacturing Economy Underperforms Again in September: S&P Global

Canadian dollar weakens as factory woes support BoC rate cut bets

Manufacturing PMI falls to 47.7 in September

Canada's manufacturing economy underperforms again in September: S&P Global

Canada’s manufacturing sector continued to contract in September, with firms reporting a sharper decline in production and new orders as trade-related uncertainty and tariffs weighed heavily on demand, according to new data from S&P Global. The Manufacturing Purchasing Managers’ Index (PMI) fell to 47.7 in September from 48.3 in August, marking the eighth consecutive month below the 50.0 threshold that separates growth from contraction. The PMI …

Downturn In Manufacturing Sector Continues In September, S&P Global Canada Manufacturing PMI Finds - Manufacturing AUTOMATION

Oct. 1, 2025, Canada — Canada’s manufacturing economy experienced a further deterioration in operating conditions during September, S&P Global reported in the Canada Manufacturing Purchasing Managers’ Index (PMI) for the month of September. Posting 47.7, down from 48.3 in August and below the critical 50.0 no change mark for the eight successive month, the PMI pointed to a solid and slightly faster deterioration in operating conditions. Sales an…