Canada: Manufacturing growth picks up, but inflationary pressures intensify - Markit

"September data revealed a positive month overall for the Canadian manufacturing sector, with output and new business growth regaining momentum after August’s slowdown," the ISH Markit announced on Monday.

Key highlights:

• Some firms attributed rising raw material prices (especially chemicals) to supply chain disruptions in the U.S. following Hurricane Harvey.
• At 55.0 in September, up from 54.6 in August, the seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) posted above the 50.0 no-change value for the nineteenth consecutive month. 
• Canadian manufacturers indicated a solid degree of job creation in September, although the rate of employment growth eased from August’s survey record high.
• Meanwhile, input cost inflation reached its highest level for four months in September, which manufacturers overwhelmingly linked to rising raw material prices.