Canadian Factory Activity Grows at a Slower Pace in October

Canadian manufacturing activity expanded for the fourth straight month in October as the sector continued to recover from the coronavirus crisis, with output climbing at the fastest pace in over two years, data showed on Monday.

The IHS Markit Canada Manufacturing Purchasing Managers’ index (PMI) fell to a seasonally adjusted 55.5 in October, pulling back from its highest level in more than two years in September at 56.0. Since July, the PMI has been above the 50 threshold that indicates expansion in the sector.

Read more in an article from Reuters.

Source: CIFFA (03.11.2020)

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