Canada’s manufacturing sector experienced another subdued performance in May. Output and new orders both continued to fall, and at faster rates, whilst firms cut their buying activity given sufficient stock at their plants. More positive however was a rise in employment and a strengthening of confidence to a ten-month high. Prices data showed another solid increase in input costs but the slowest increase in output charges for nearly four years. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®) recorded 49.3 in May. That was little-changed on April’s 49.4 and extended the ... (full story)