Canadian factory activity expanded at its fastest pace on record in December as new orders and production climbed, while manufacturers grew more optimistic that output would continue to rise in 2021, data showed on Monday.
Canadian manufacturing activity expanded for the fifth straight month in November as output and new orders climbed.
“Latest survey data shows encouraging signs at the Canadian manufacturing sector as it continues to recover from the second quarter downturn,” Shreeya Patel, an economist at IHS Markit, said in a statement.
This year, the Smart Manufacturing Experience (SMX) is going virtual – and we’re bringing our very best solution-providers, technology experts, and speakers with us to The Best of SMX virtual event, happening on October 29! The Best of SMX will enable manufacturers to get inspired and educated about emerging technologies that upskill the workforce, improve quality, and advance the future of manufacturing.
As the economy evolves and recovers from the impact of COVID-19, many manufacturers in the region are embracing technology to take advantage of new opportunities, become more productive, stay competitive and maintain highly skilled workforces that support good, local jobs.