01 May 2012 16:05 [Source: ICIS news]
TORONTO (ICIS)--Conditions in ?xml:namespace>
Toronto-based Royal Bank of Canada said its monthly purchasing managers' index for
April’s new export orders grew at the fastest pace for a year and Canadian manufacturers hired additional staff, the bank said.
“Favourable manufacturing conditions have been a prevailing force in
“As the economy south of the border strengthens, we expect the Canadian manufacturing sector will continue to reap the benefits of increasing US demand for key Canadian exports such as autos, machinery and lumber,” Wright added.
The bank conducts the survey in cooperation with the Purchasing Management Association of Canada and a market research firm.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy blog
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