S&P Global Canada Manufacturing PMI Shows Continued Downturn In Operating Conditions

Downturn in operating conditions continues: S&P Global Canada Manufacturing PMI

Canada’s manufacturing sector faced ongoing challenges in November, with slower declines in output and new orders compared to previous months, though conditions remained tough overall. The latest S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) showed a modest contraction in operating conditions, with the PMI dropping to 48.4 in November from 49.6 in October, marking the tenth consecutive month below the critical 50.0 threshold. …

S&P Global Canada Manufacturing PMI Shows Continued Downturn In Operating Conditions

Dec. 1, 2025, Canada — Canada’s manufacturing economy experienced a modest contraction in operating conditions during November amid quicker contractions in both output and new orders, S&P Global reported in the November Canada Manufacturing Purchasing Managers’ Index (PMI). “Canada’s manufacturing sector remained in the doldrums during November, experiencing concurrent – and accelerated – drops in output and new orders,” said Paul Smith, economi…