Canada September Manufacturing Purchasing Managers’ Index: A Bullish Signal for the Canadian Dollar

On September 2, 2025, Royal Bank of Canada released the S&P Global Manufacturing Purchasing Managers’ Index for September. The reported figure was 48.3; no forecast was provided, with the previous reading also at 48.3.This index is a key indicator of the health of the manufacturing sector, covering production, new orders, and commodity prices, and serves as an essential component among leading economic indicators. If the published figure exceeds expectations, it tends to have a positive impact on the Canadian dollar.The data is considered to have moderate importance. It is compiled based on surveys of purchasing managers across the manufacturing, construction, and services sectors. The index is released monthly, with the next publication scheduled for November 3, 2025.

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