Canada: manufacturing PMI falls below 50
October’s survey points to weaker activity and price pressures.
Carried forward November 4, 2026. October survey released November 2. Figures retained; the original release access limit reported during the initial check remains documented.
S&P Global’s Canadian manufacturing PMI fell to 49.6 in October from 51.5 in September, Reuters reported on November 2. It slipped below 50, the survey’s dividing line between expansion and contraction. [1]
Fewer orders
Production and new orders declined. The orders index reached 46.5, its lowest reading since September 2025, according to Reuters. [1]
Persistent cost pressures
Dow Jones reports that supply lead times lengthened sharply. Surveyed firms cite tariffs and conflicts; their costs are rising and they are increasing selling prices. [2]
What the number measures
These separate news reports describe the same S&P Global survey, not two independent measurements. The PMI indicates business conditions; it is not a GDP growth rate. [2]
Perspectives compared
Sources and documents
- [1] Reuters — Fergal Smith / MarketScreener ↗November 2, 2026; updated at 9:42 a.m. ET
- [2] Dow Jones — Robb M. Stewart / MarketScreener ↗November 2, 2026, 10:13 a.m. ET