Canadian economic activity, as measured by the Ivey Purchasing Managers Index (PMI), expanded in June at its fastest pace in four months, reaching 53.3. Price increases also accelerated, while employment dipped slightly.
Canada’s Ivey PMI sees four-month high in June
Business
AI Summary
TL;DR: Key points with love ❤️Canadian economic activity, as measured by the Ivey Purchasing Managers Index (PMI), expanded in June at its fastest pace in four months, reaching 53.3. Price increases also accelerated, while employment dipped slightly.
- 1 February: Previous high for Ivey PMI.
- 2 May: Ivey PMI was 48.9.
- 3 June: Ivey PMI rose to 53.3.
- 4 Tuesday: Ivey PMI data released.
- Economic activity expansion
- Accelerated price increases
- Slight dip in employment
What: Canadian economic activity, as measured by the Ivey Purchasing Managers Index (PMI), expanded in June at its fastest pace in four months, with the seasonally adjusted index rising to 53.3. Price increases accelerated, while the gauge of employment dipped.
When: June (data period); May (previous month's data); February (previous high); Tuesday (article published).
Where: Canada
Why: The Ivey PMI measures month-to-month variation in economic activity, indicating an increase in activity when above 50.
How: The Ivey PMI is compiled from a panel of purchasing managers from across Canada.