Canadian manufacturing activity slowed in Oct., according to the RBC Manufacturing Purchasing Managers Index.
The manufacturing PMI is designed to provide a single figure snap-shot for Canadian manufacturing. Anything above 50 indicates expansion; below 50, a contraction. The greater the divergence from 50, the greater the rate of change.
==================================================== Oct. Sept. 2011 2011 ==================================================== PMI 53.7 55.0 ==================================================== All indices are seasonally adjusted SOURCE: RBC
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