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Canada's Manufacturing Sector Stagnated In March, Says S&P Global

BY MT Newswires | ECONOMIC | 09:48 AM EDT

09:48 AM EDT, 04/01/2026 (MT Newswires) -- Canada's manufacturing sector stagnated in March, S&P Global said on Wednesday.

It reported the seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers' Index (PMI), a composite index designed to provide an overview of the health of the manufacturing sector, recorded 50.0 in March. That was down from 51.0 in February and "overall," S&P added, "signaled a stagnation of manufacturing sector performance"

Production fell for the first time in 2026 so far during March, noted S&P Global.

Among key highlights, S&P cited: "marginal" declines in output, new orders and employment; high prices and tariffs continue to weigh on export sales; and confidence in outlook softens.

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