Canada's Ivey PMI expands to more than four-year high in August
Tweet
Share
E-mail
Patrons are served at Le Violon restaurant in Montreal, Quebec, Canada, June 3, 2026. REUTERS/Nasuna Stuart-Ulin
OTTAWA, Sept 4 (Reuters) - Canadian economic activity expanded at a faster pace in August as prices, inventories and employment rose, Ivey Purchasing Managers Index (PMI) data showed on Friday.
• The seasonally adjusted index increased to 64.3 in August from 55.1 in July, highest since May 2022.
• The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. A reading above 50 indicates an increase in activity.
• The gauge of employment rose to an adjusted 55.0 from 52.2 in July.
• The adjusted prices index shot up to 80.4, up from 75.5.
• The unadjusted PMI rose to 62.7 from 54.1.
(Reporting by Promit MukherjeeEditing by Nick Zieminski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. approves potential sale of Joint Direct Attack Munitions-Extend Range to Saudi Arabia for $5 billion
- Ecuador says vessel sinkings part of joint US drug trafficking probe
- Venezuela August inflation slows to 8.9%, central bank says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
