Home Canada: Markit Manufacturing PMI slumps to 33 in April vs. 41.5 expected

Canada: Markit Manufacturing PMI slumps to 33 in April vs. 41.5 expected

Updated: 1 May. 2020 | 15:32

The economic activity in Canada’s manufacturing sector contracted at a strong pace in April with the IHS Markit’s Manufacturing PMI slumping to 33 from 46.1 in March. This reading missed the market expectation of 41.5 by a wide margin.

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