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CA manufacturing sector downturn intensifies in November
The Canadian manufacturing economy remained in a downturn during November, amid concurrent falls in output, new orders and purchasing activity. Firms continued to utilise existing input inventories wherever possible in the face of faster input price inflation. However, some positive projections for growth meant that manufacturers added to their staffing levels for the first time in seven months. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®), a composite singlefigure indicator of manufacturing performance derived from indicators for new orders, output, employment, ... (full story)