Canada’s manufacturing economy experienced a further deterioration in operating conditions during June, according to the latest PMI® data from S&P Global. Both output and new orders declined, whilst firms registered a mild drop in employment – the first reduction in net staffing levels since January. Purchasing activity was cut to a stronger degree, whilst firms experienced unexpected growth in their inventory levels. Confidence in the future was the lowest of the year so far. Meanwhile, price pressures were broadly contained, with input prices rising to the weakest degree since January and output charge ... (full story)