Canada Markit PMI manufacturing PMI 54.7 vs 55.1 last

Down from prior month

The Markit Canada Manufacturing index fell to 54.7 vs 55.1. A reading above 50 is expansionary.

• Was the 16 consecutive month of expansion
• New orders fell to 55.1 vs 55.7. Lowest reading since Jan 2017
• Employment fell vs prior month. Lowest since March 2017
• Manufacturing production volumes expanded for the eighth month running in June, which marked the longest period of sustained growth since the start of 2015.
• New business growth slowed to its weakest since the start of 2017, with the loss of momentum concentrated in domestic markets
• Export sales growth edged up to its strongest since November 2014. A number of manufacturers commented on rising demand from U.S. clients.

The index is lower but it remains well above the 50.0 level.