Correspondent, Toronto, Canada
Alastair's Feed
Apr 3, 2013
Apr 3, 2013
Apr 2, 2013

Canadian manufacturing PMI contracts in March

TORONTO, April 2 (Reuters) – Canada suffered a surprising
contraction in manufacturing activity in March, according to
data released on Tuesday, suggesting the economy has not yet
shaken off the slowdown it suffered in late 2012.

The RBC Canadian Manufacturing Purchasing Managers’ Index
was at 49.3 last month after adjusting for seasonal variation,
down from 51.7 in February. A reading above 50 represents
expansion, while a number below 50 means contraction.

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    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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