2025.09.0413:37:12UTC+00Canada Private Sector Activitty Contracts for 9th Month

In August 2025, the S&P Global Canada Composite PMI fell to 48.4 from 48.7 in July. Although this is the second-highest measurement for the year, it still signals the ninth straight month of contraction in private-sector activity. Both the manufacturing sector, which registered at 48.3 compared to 46.1 previously, and the services sector, which came in at 48.6 compared to 49.3, showed milder declines. While new orders continued to decrease, they did so at a less severe rate than in July. There was another sharp decline in work backlogs, marking the most significant drop since April. Employment levels stabilized, remaining mostly unchanged across the private sector. Business confidence diminished, staying well below its historical average. On the pricing front, input-cost inflation eased to a seven-month low, and output prices increased at their slowest rate in four months, yet still experienced growth.