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Manufacturers, Exporters Slightly More Optimistic

OTTAWA, Ont. - The most recent Business Conditions Survey conducted by the Canadian Manufacturers and Exporters indicates there's growing optimism in the Canadian manufacturing community.Respondents' ...


OTTAWA, Ont. – The most recent Business Conditions Survey conducted by the Canadian Manufacturers and Exporters indicates there’s growing optimism in the Canadian manufacturing community.Respondents’ optimism about the next three months was higher than at any other time in 2009, according to the survey.

“It’s a glimmer of hope in an otherwise bleak outlook,” said CME president Jayson Myers. “I believe the real economic impacts are still to be felt, but it is encouraging news that the economic decline appears to be slowing.”

Of the 717 companies that responded, 49% said they expect orders to decrease between March and June. In February, 56% of respondents felt orders would decline. Another reason for hope was that 13% of companies said they will increase employment over the next three months, up from 11% in February. The number of companies planning layoffs declined from 45% to 42%.


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