Ultimate magazine theme for WordPress.
BTC
$57,583.08
-0.58%
ETH
$4,656.79
+6.07%
LTC
$210.82
+2.26%
DASH
$181.35
+0.68%
XMR
$244.53
+4.09%
NXT
$0.02
-0.58%
ETC
$48.76
+2.01%
DOGE
$0.22
+0.56%
ZEC
$224.35
-9.54%
BTS
$0.05
+0.35%
DGB
$0.05
+0.64%
XRP
$1.00
+2.8%
BTCD
$144.65
-0.58%
PPC
$0.91
+3.07%
CRAIG
$0.01
-0.58%
XBS
$2.41
0%
XPY
$0.01
0%
PRC
$0.00
0%
YBC
$5,800.98
0%
DANK
$0.02
-0.58%

Markit Manufacturing PMI edges lower to 56.5 in June from 57 in May

0


  • Markit Manufacturing PMI for Canada edged lower in June.
  • USD/CAD stays in the red below 1.2400 after the data. 

The business activity in Canada’s manufacturing sector continued to expand in June, albeit at a softer pace than it did in June, with the Markit Manufacturing PMI edging lower to 56.5 from 57 in May.

Commenting on the data, “although latest data revealed a moderation in output and new order growth at the Canadian manufacturing sector, it continued to highlight a robust expansion,” said Shreeya Patel, Economist at IHS Markit. “Moreover, a record uptick in pre-production inventory holdings suggests firms are gearing up for another busy quarter while a rise in backlogs could see job creation continue.”

Market reaction

The USD/CAD pair showed no immediate reaction to this report and was last seen losing 0.45% on the day at 1.2380.

https://fbs.com/?ppk=forexplatform&lang=en

Source link

Leave A Reply

Your email address will not be published.