Canada Manufacturing PMI Holds at 53.0 as Supply Delays Hit Worst Since Sept. 2022
Updated
Updated · TradingView · Jul 3
Canada Manufacturing PMI Holds at 53.0 as Supply Delays Hit Worst Since Sept. 2022
1 articles · Updated · TradingView · Jul 3
Summary
Canada’s manufacturing PMI stayed at 53.0 in June, marking a third straight month of factory expansion as output and new orders continued to rise.
New product launches helped drive activity, but tariffs still weighed on demand and export orders fell for the first time in three months.
Backlogs grew and pushed manufacturers to hire at the fastest pace since October 2024, while purchasing activity increased as firms built inventories ahead of further supplier price hikes.
Supply-chain delays worsened to their highest level since September 2022, tied largely to shipping disruptions from the Iran conflict, and input-cost inflation hit its highest since July 2022.
Business confidence remained positive but slipped to a three-month low as uncertainty over U.S. trade policy clouded the outlook.