Canada June RBC manufacturing PMI 51.3 vs 49.8 prior

Canadian June manufacturing survey from RBC:

• Prior was 49.8
• First reading above 50 after 4 months of declines
• New export orders 52.0 from 50.1
• Full report

"The RBC PMI returned to positive growth territory during June, reflecting the lift to Canada's manufacturers provided by an improved U.S. economy and a more competitive Canadian dollar," said Craig Wright, senior vice-president and chief economist, RBC. "As we move through the summer months, we expect a trend improvement in the level of activity in the manufacturing sector."

USD/CAD little changed on the release but there is some good news for Canadian factories here.