01 November 2013 15:46 [Source: ICIS news]
The RBC PMI index rose to 55.6 in October, from 54.2 in September. Readings above 50.0 indicate an expansion in manufacturing. RBC publishes the survey in cooperation with
"Firmer global growth should boost external demand going forward,” Wright said.
“This pickup in demand for Canadian exports will no doubt augur well for Canadian manufacturers in the foreseeable future,” he added.
Regionally, the provinces of
New order growth accelerated across most Canadian regions, with the exception of
SCMA's CEO, Cheryl Paradowski, added: "
“Greater client demand, both domestically and in key export markets such as
In related news, the US Institute for Supply Management reported on Friday that the pace of US manufacturing activity reached its highest level for this year and the best performance since March 2011.
Additional reporting by Joe Kamalick in
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