Canada: Strongest improvement in manufacturing business conditions since Apr 2011 - Markit

"At 56.2, up from 55.5 in April, the headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) pointed to the strongest overall improvement in business conditions since April 2011," Markit Economics stated in their latest report. Below are some key takeaways.

• A faster rate of new order growth was a key factor behind the rise in the headline PMI during May.
• The headline index has posted above the 50.0 ‘no-change’ value in each month since March 2016.
• The latest increase in new order volumes was the steepest seen since April 2017, helped by the most marked rise in export sales for just over seven years.