Canada Economics

Canada Chart Book

28 February, 2019

Export prospects further deteriorate

The decline in the global manufacturing PMI to a two-year low in January suggests that prospects for Canadian exporters have deteriorated further. On past form, the global PMI is broadly consistent with a stagnation in non-energy exports. Worse still, the available national preliminary manufacturing PMIs for February point to a further fall in this month, especially as the manufacturing PMI for the US dropped to a 17-month low. The weaker global backdrop could hardly come at a worse time for Canada

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