February 2016 Canadian RBC manufacturing PMI data report 1 March 2016
- New orders 49.4 vs 49.6
Marking the 7th month now in contraction but still clawing it's way back up. Not a big one for the loonie which has bounced from the 1.3455 support to 1.3481
"The U.S. expansion alongside a more competitive Canadian dollar is continuing to drive stronger export sales and stabilize manufacturing conditions," said Craig Wright, senior vice-president and chief economist, RBC. "At a regional level, the sharp improvement in Ontario's manufacturing sector during February was a key factor in raising the Manufacturing PMI to its highest level since August 2015".
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
