Canada June S&P Global manufacturing PMI 49.3 vs 49.3 prior

• Prior was 49.3

Commenting on the latest survey results, Paul Smith,
Economics Director at S&P Global Market Intelligence
said:

“The performance of the Canadian manufacturing
economy remained subdued in June, with output, new
orders, employment and purchasing all falling since the
previous month. Panellists noted that underlying market
demand remained soft, whilst also commenting that
sales were perhaps weaker-than-expected – resulting
in the accumulation of some excess inventory at their
plants.

“A positive from the latest survey is that price pressures
appear broadly contained, with costs rising at a
softer pace than in recent months and charges
increasing only modestly. However, limited
pricing power is broadly a function of weak
demand and a competitive marketplace, and with
firms noting that prices remain too high for many
clients, confidence in the future has subsequently
softened to its lowest level of the year so far.”

This article was written by Adam Button at www.forexlive.com.