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- Canadian manufacturing PMI declines to 50.8 in July
Canadian manufacturing PMI declines to 50.8 in July
RBC released its RBC Canadian manufacturing PMI on Tuesday. The index declined to 50.8 in July from 51.3 in June.
"The RBC PMI indicates a second consecutive month of improving business conditions in July though still at a very modest pace and slightly below that achieved in June. As we enter the second half the year, a strengthening U.S. economy and weaker Canadian dollar should provide a greater boost to exports and business conditions for manufacturers," RBC assistant chief economist, Paul Ferley, said.
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