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The Royal Bank of Canada (RBC) Manufacturing Purchasing Managers' Index (PMI) is a composite indicator designed to provide a single-figure measure of operating conditions in the Canadian manufacturing sector. It is based on monthly questionnaires sent to purchasing managers in over 400 manufacturing companies. The index tracks variables such as output, new orders, employment, and prices, providing a timely indicator of economic trends before official government data.
The PMI is calculated as a weighted average of five sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Purchases (10%). A reading above 50.0 indicates an overall improvement in sector conditions.
No historical data available