RBC: Manufacturing weak in August

RBC: Manufacturing weak in August

RBC: Manufacturing weak in August While economists may believe that the economy is already picking up from the poor first half of the year, the manufacturing sector was weaker again in August. The StatsCan data showed manufacturing struggling in the second quarter but RBC’s PMI reveals that while things may have improved in July, August was weak with the index dropping below 50 to indicate contraction. August’s PMI was 49.4, down from 50.8 in July.