Slowest rate in four months.
“The manufacturing sector lost some momentum during May, as a moderation in new export growth contributed to the slowest rise in output since last August,” said Cheryl Paradowski, president and chief executive officer, SCMA. “That said, the latest survey pointed to resilient job creation at manufacturing companies, suggesting optimism about the longer-term business outlook. Manufacturers also indicated an easing of both supply chain pressures and input cost inflation in May.”
USD/CAD has run up through 1.0900 by 5 pips
Canadian RBC/Markit mfg PMI 02 06 2014
