Canada’s manufacturing sector expanded in July at the fastest pace in more than four years as rising domestic activity boosted production and new orders. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) edged up to 53.5 last month from 53.0 in June.
Domestic Demand Boosts Production
A reading above 50 indicates expansion in the sector. The output index rose to 52.6 from 52.1 in June and the new orders measure was at 53.5, up from 52.2.
However, weak international demand raised doubt over the sustainability of the increase. Last month, the U.S. announced new tariffs on nearly $20 billion worth of Canadian goods.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
