Meanwhile, input price inflation softened to a ten-month low but remained steep overall
Weaker exchange rate contributed to a modest rise in new export work while manufacturers reported increased imported raw material costs
The volume of new orders received by Canadian manufacturers rose in July
The Purchasing Management Association of Canada (PMAC) has partnered with UK-based financial information services company Markit and the Royal Bank of Canada to launch the monthly RBC Canadian Manufacturing Purchasing Managers’ Index.
Index provides snapshot of Canadian manufacturing sector’s health