trending Market Intelligence /marketintelligence/en/news-insights/trending/ukhoetlnnk3fcmowmdrwoa2 content esgSubNav
In This List

Canadian manufacturing growth slips in August


Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap


Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future


Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Canadian manufacturing growth slips in August

Growth in Canada's manufacturing sector eased slightly in August as new orders expanded at a weaker pace.

The IHS Markit Canada manufacturing purchasing managers' index fell to a three-month low of 56.8 in August from 56.9 in July. A reading above 50 indicates expansion.

New orders grew at the weakest pace in four months despite a slightly stronger contribution from export sales, the report said. But while new work from abroad rose, some factories reported that recent U.S. tariffs had weighed on competitiveness.

Production volumes rose at the sharpest rate since December 2010 as workloads increased.

The rate of input cost inflation in August was the steepest for almost seven-and-a-half years in the wake of steel and aluminum tariffs.

Output growth expectations fell to a five-month low on concerns about future export sales.