Sunday April 20, 2014

subscription options


Print Edition»

  • Includes free
    digital edition
  • Digital Edition»

  • Print format with
    enhanced features!
  • QUESTION OF THE WEEK

    • What do you consider to be the 2013 Story of the Year?
    • B.C. election
    • 36%
    • TRU law school
    • 4%
    • Proposed Ajax mine
    • 43%
    • Jack Shippobotham death
    • 3%
    • Starving horses seized
    • 11%
    • Red Lake cold case
    • 3%
    • Total Votes: 1070





    Home »  News »  Business

    Canadian manufacturers cautious in January but momentum should improve: RBC

    TORONTO - A monthly gauge of Canadian manufacturing purchasing intentions improved marginally in January, the first increase since October.

    The RBC-sponsored index was 50.5 last month

    The index had been unchanged in December after dropping to 50.4 from 51.4 in November, the weakest growth in two years of data collection.

    A reading below 50 signals contraction while a higher number indicates growth.

    RBC produces the survey in partnership with the Purchasing Management Association of Canada and Markit, a global financial information company.

    The purchasing managers index, or PMI, found that output increased for the first time in three months in January, but new order growth slowed since December.

    The rate of job creation also weakened, easing to a 12-month low.

    "The Canadian manufacturing sector experienced a relatively lacklustre start to the New Year amid ongoing global economic uncertainty," said Craig Wright, RBC's chief economist.

    "As some of the more extreme downside risk scenarios look less likely now, we should see confidence in the global economy improve, paving the way for a stronger recovery in Canadian manufacturing."


    Comments


    NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

    The Kamloops Daily News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

    blog comments powered by Disqus



    Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

    LOG IN



    Lost your password?