Canadian manufacturing purchasing managers index up in August
Written by The Canadian Press September 02, 2011
The Canadian manufacturing sector improved in August, with increases in both output and new orders, according to a new report. The RBC Canadian Manufacturing Purchasing Managers Index increased to 54.9 from 53.1 in July — the highest reading for the index in four months.
The index is based on questionnaires sent to purchasing executives at more than 400 companies across the country.
Last modified on September 06, 2011
The results followed a disappointing report from Statistics Canada that the Canadian economy contracted slightly in the second quarter. (Click here for that story.)
However, economists believe that growth will return in the third quarter and that Canada will not slip back into a recession.
MA Online Resource Centre
-
Videos
-
Manufacturing Automation's Editor Reports
Get the latest industry news from our magazine's editor
-
Manufacturing Automation's Editor Reports
Featured Video
-
View Video...
A new business book, How can we make manufacturing sexy?, addresses the industry’s and the public’s role in bringing manufacturing back to Canada. The book takes a look at how…
