{"id":48805,"date":"2019-10-04T09:55:43","date_gmt":"2019-10-04T14:55:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48805"},"modified":"2019-10-04T09:55:47","modified_gmt":"2019-10-04T14:55:47","slug":"canada-catches-americas-cold-pmi-plunges-to-4-year-lows","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48805","title":{"rendered":"Canada Catches America&#8217;s Cold &#8211; PMI Plunges To 4 Year Lows"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/economics\/canada-catches-americas-cold-pmi-plunges-4-year-lows\">Canada Catches America&#8217;s Cold &#8211; PMI Plunges To 4 Year Lows<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As goes America, so goes Canada it seems. Following the collapse in both Manufacturing and Services survey data in the US, Canada&#8217;s PMI just&nbsp;<strong>collapsed most since Feb 2016, back into contraction for the first time since March 2015.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From a 12-month high of 60.6in August, Ivey PMI collapsed to a 4-year lows of 48.7&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmA24A.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Under the hood things are mixed (but hurting in the most important areas)<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ivey&nbsp;<strong>employment index decreased<\/strong>&nbsp;to 49.6 in September from 52.7 in prior month<\/li><li>Ivey<strong>&nbsp;inventory index decreased<\/strong>&nbsp;to 50.5 in September from 54.8 in prior month<\/li><li>Ivey supplier index increased to 50.2 in September from 49.9 in prior month<\/li><li>Ivey prices index increased to 56.9 in September from 51.3 in prior month<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Time to restart rate-cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada Catches America&#8217;s Cold &#8211; PMI Plunges To 4 Year Lows As goes America, so goes Canada it seems. Following the collapse in both Manufacturing and Services survey data in the US, Canada&#8217;s PMI just&nbsp;collapsed most since Feb 2016, back into contraction for the first time since March 2015. From a 12-month high of 60.6in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,260,27294,2783],"class_list":["post-48805","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-employment","tag-manufacturing-and-services-survey","tag-pmi"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48805"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48805\/revisions"}],"predecessor-version":[{"id":48806,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48805\/revisions\/48806"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}