Canada Private Sector Activity Plunges for 5th Month

2025-05-05 13:44 By Luisa Carvalho 1 min. read

The S&P Global Canada Composite PMI fell to 41.7 in April 2024 from 42 in the previous month, marking the fifth consecutive contraction in the country's private sector and the steepest decline since June 2020.

Both manufacturing and service sector outputs saw similar declines.

New orders also dropped significantly compared to March, and with limited pressure on capacity, employment levels were reduced for the fourth consecutive month.

While future expectations improved, they remained historically low.

On the price front, input cost inflation fell to a three-month low but remained elevated.

However, as demand conditions weakened, output charges saw a slight decline, marking the first decrease in over four years.



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