S&P Global Canada manufacturing PMI 53.3 vs 50.0 prior

AI summary

<ul><li class="whitespace-normal break-words pl-2">Highest since June 2022</li><li class="whitespace-normal break-words pl-2">New orders rise at fastest pace in over four years</li><li class="whitespace-normal break-words pl-2">Output growth strongest since May 2022 as stockpiling drives demand</li><li class="whitespace-normal break-words pl-2">Input cost inflation hits 3.5-year high on Middle East war, fuel and freight</li><li class="whitespace-normal break-words pl-2">Output prices rise at fastest pace since late 2022 as firms pass through costs</li><li class="whitespace-normal break-words pl-2">Vendor delivery times lengthen most in over a year, 22nd straight month of delays</li></ul><p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">Canada's S&P Global Manufacturing PMI jumped to 53.3 in April from 50.0 in March, the highest reading since June 2022 and the third print above the 50.0 breakeven mark in the past four months. Output growth was the strongest since May 2022. New orders rose at the fastest clip in over four years. New export orders climbed at the quickest pace since the start of 2022. On paper, this is the kind of report Canadian manufacturing has been waiting on for the better part of three years.</p><p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">Except it isn't really. Or at least, not in the way a clean PMI beat normally suggests.</p><p class="font-claude-response-body break-words whitespace-norm