Overview

• The U.S. ISM manufacturing PMI rose to 48.7 in August, marking a sixth month of contraction even as the new orders index climbed back into expansion at 51.4.
• U.S. factory production slipped to 47.8 and prices paid stayed high at 63.7, with surveys noting accelerated headcount reductions and slower supplier deliveries.
• Canada’s S&P Global manufacturing PMI improved to 48.3 from 46.1, though output, new orders and employment still fell as firms cited weaker U.S. demand tied to tariffs.
• Canadian input costs quickened, with the input price index up to 61.6, and employment declined for a seventh month through layoffs and non-replacement of departures.
• Singapore’s official PMI ticked up to 50.0, with electronics at 50.4 and stronger new orders and exports, yet forward business expectations and employment remained in contraction.