Canadian Manufacturing Sector Contracts Further in September, PMI Drops to 47.5

Canadian factory PMI fell to 47.5 in September, the lowest since May 2020, indicating a contraction in the manufacturing sector.
Output and new orders indexes declined, amid weak market demand.
Employment levels declined for the fifth straight month.
Purchasing activity was cut as firms focused on reducing excess inventory.
Input price index dipped to 50.4, suggesting stabilizing cost pressures.

reuters.com

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