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Canadian manufacturing growth hits highest level in 2-1/2 years in October

The pace of growth in the Canadian manufacturing sector picked up in October to its strongest level in two and a half years as firms saw greater demand for their products, data showed on Friday

Tech Triangle‘s insight:

The RBC Canadian Manufacturing Purchasing Managers’ index (PMI), a gauge of manufacturing business conditions, rose to a seasonally adjusted 55.6 last month from 54.2 in September, making for the highest level since April 2011.

The forward-looking new orders measure matched that record, rising to 58.5, while output climbed to 56.6.

A reading above 50 shows growth in the sector.

See on business.financialpost.com


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