March 2017 Canada Markit manufacturing PMI report 3 April 2017
Employment 54.6 vs 54.3 prior. Highest since June 2012
Input prices run the fastest since May 2014
Headline at the highest since Oct 2013
"Canada's manufacturing sector appears to have gained momentum throughout the first quarter of this year. March's survey highlighted that business conditions improved at the fastest pace since late-2013, helped by the supportive economic backdrop and a rebound in energy sector spending. "Manufacturers reported the largest rise in new orders for almost two-and-a-half years, which led to a robust increase in employment levels and renewed efforts to boost inventories."However, stronger demand for raw materials and rising commodity prices led to another sharp increase in manufacturing input costs during March. Greater cost pressures have started to feed through to the factory gate, with manufacturers reporting the steepest pace of output charge inflation for exactly three years." Said Markit's Tim Moore.
Canadian manufacturing PMI
