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Canadian manufacturing expanded fastest in four years amid supply chain fears.
Canada's manufacturing sector expanded in April at its fastest pace in nearly four years, driven by increased stockpiling of materials to mitigate supply chain risks linked to the Middle East conflict.
The S&P Global PMI rose to 53.3, the highest since June 2022, with output and new orders also rising significantly.
However, analysts caution that this expansion may not be sustainable as it stems from precautionary measures rather than robust demand, and input cost inflation reached a three-and-a-half-year high.
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La industria manufacturera canadiense se expandió más rápido en cuatro años en medio de temores en la cadena de suministro.