Royal Bank of Canada released the S&P Global Manufacturing Purchasing Managers' Index (PMI) for September on September 2, 2025. The latest reading stood at 48.3, falling short of market expectations.This indicator serves as a key gauge of manufacturing sector health, encompassing production, new orders, and commodity prices, and is considered a critical leading economic indicator. A reading above market forecasts typically has a positive impact on the Canadian dollar.The data carries medium importance, is compiled using the PMI survey methodology, and is published monthly. The next release is scheduled for November 3, 2025.
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