December 2016 Canadian RBC manufacturing PMI 3 January 2017
New orders 52.6 vs 52.2 prior. Highest since Dec 2014
Input prices 60.2 vs 59.7 prior. Highest for over 2 years
Employment gains for 3rd successive month
"Stronger new business growth and a rebound in energy sector spending underpinned the improved performance of Canada's manufacturing sector at the end of 2016. The latest upturn in new orders was the fastest in two years, despite a relatively subdued contribution from export sales. Moreover, the combination of increasing orders and depleted inventories in December bodes well for output growth heading into 2017." said Mike Whelan of the SCMA
Canadian manufacturing PMI
