OTTAWA Dec 1 (Reuters) – – The pace of growth in Canadian manufacturing picked up modestly in November as a measure of new orders rose to its highest level in seven months, data showed on Thursday, an encouraging sign for a sector that has struggled to make strong gains this year.
The RBC Canadian Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 51.5 last month from 51.1 in October. A reading above 50 indicates growth in the sector.
The gauge of new orders increased to 52.2 from 50.4 as orders for exports grew for the first time since …
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