The Canadian manufacturing sector has seen slower business as of December of last year, as both new orders and employment are declining, Reuters reports.
The RBC Canadian Manufacturing Purchasing Managers’ Index (PMI) experienced a decline from 55.3 in November 2014 to 53.9 in December, the lowest in three months. A number above 50 indicates growth.
New orders declined to 53.9 in December, when the measure was previously at 56.2. Employment experienced its greatest decline since June 2014, reaching 52.9 at the end of last year.
