7 March 2016
Sherbrooke’s Economy Will Grow in 2016
The Sherbrooke region should experience better economic growth in 2016, according to the Winter 2016 Metropolitan Outlook published by the Conference Board of Canada.
Sherbrooke’s economy should rise by 2.1%, i.e. the provincial average, thanks to the recovery of the manufacturing sector and the strength of the corporate services sector.
More specifically, growth in the export-oriented manufacturing sector should reach 2.8%, driven by the weakening of the Canadian dollar and the strengthening of the U.S. economy.
Corporate services will also drive economic growth, thanks to strong demand for engineering, research, development, and programming services.
As for construction, an upswing will be seen in the non-residential sector through many industrial, commercial, and road infrastructure projects.
Source : Conference Board of Canada
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