Canada Ivey PMI Dips to 58.2 in September
Canadian economic activity expanded at a slower pace in September as the seasonally adjusted Ivey PMI decreased to 58.2. Meanwhile, employment and price pressures both increased during the month.
Canada's economic activity expanded at a slower pace in September, dropping to 58.2 as inflation pressures intensified. The seasonally adjusted Ivey Purchasing Managers Index cooled from August's peak of 64.3. Despite the deceleration, readings above 50 continue to indicate ongoing economic expansion.
