Canada's Ivey PMI Climbs to 58.2 in May as Prices Index Jumps to 78.0
Updated
Updated · 104.1 WIKY · Jun 5
Canada's Ivey PMI Climbs to 58.2 in May as Prices Index Jumps to 78.0
1 articles · Updated · 104.1 WIKY · Jun 5
Summary
Canada's seasonally adjusted Ivey PMI rose to 58.2 in May from 57.7 in April, its highest reading since September and a sign economic activity accelerated.
The index stayed well above the 50 threshold that separates expansion from contraction, indicating broader month-to-month growth across purchasing managers surveyed nationwide.
Inflation pressure also intensified: the adjusted prices gauge climbed to 78.0 from 76.6, while the employment measure eased slightly to 54.3 from 54.7.
The unadjusted PMI slipped to 61.3 from 61.5, but remained firmly in expansion territory, underscoring continued economic momentum.