In June 2011, RBC, in association with Markit , a leading, global financial information services company, and the Purchasing Management Association of Canada (PMAC), launched the monthly RBC Canadian Manufacturing Purchasing Managers' Index™ (RBC PMI™), a comprehensive and early indicator of trends in the Canadian manufacturing sector. The RBC PMI will be released on the first business day of each month.
In addition to the headline RBC PMI - a composite indicator designed to provide a single-figure snapshot of the health of the manufacturing sector - the survey also tracks changes in output, new orders, employment, inventories, prices and supplier delivery times. Index readings above 50.0 signal expansion from the previous month, readings below 50.0 indicate contraction.
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