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Canada Manufacturing Growth Rises for Sixth Month in March

Posted April 03, 2017

Under Economic Issues, International Trade Issues


(Reuters)

The pace of growth in the Canadian manufacturing sector rose in March for the sixth month in a row as production and new orders picked up, while employment hit its highest level in close to five years, data showed on Monday.

The Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, increased to a seasonally adjusted 55.5 last month from 54.7 in February.

A reading above 50 shows growth in the sector.

The figures were the latest to point to a strong start to the year for Canada after better-than-expected growth in January put the economy on track for a solid first quarter. Click here to read more.

Related: Manufacturing in U.S. Kept Expanding at Robust Pace in March (Bloomberg)