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RBC PMI™ hits three-month high in March driven by stronger new order gains

Solid rates of growth in output and new business were recorded across the Canadian manufacturing sector in March, according to the RBC Canadian Manufacturing Purchasing Managers’ Index™ (RBC PMI™). A monthly survey, conducted in association with Markit, a leading global financial information services company, and the Supply Chain Management Association (SCMA), the RBC PMI offers a comprehensive and early indicator of trends in the Canadian manufacturing sector

Canada’s Technology Triangle Inc.‘s insight:

Key findings from the March survey include:

  •  Solid improvement in business conditions
  •  A rebound in exports supported overall new business growth in March
  •  A weaker Canadian dollar contributed to further upturn in cost inflation

See on www.markiteconomics.com

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