OTTAWA — A survey released today shows Canadian manufacturers and exporters are more optimistic about business conditions over the next quarter than they have been since the beginning of the year.
The Canadian Manufacturers & Exporters group says its March business conditions survey is a glimmer of hope in an otherwise bleak economic outlook. It suggests the economic decline appears to be slowing.
This month, 717 companies participated in the survey conducted during the first two weeks of March. About 49 per cent of respondents expect orders to fall between March and June, down seven percentage points from February’s figure of 56 per cent.
There’s also some good news for job seekers — 13 per cent of the companies surveyed expect to hire over the next three months, up from 11 per cent in February.
Meanwhile, the number of manufacturers who are planning layoffs also shrank over the last month, falling to 42 per cent from 45 per cent.