Canadian Economic Activity Contracts in March as PMI Drops
The seasonally adjusted Ivey PMI fell to 49.7 in March from 56.6 in February. This marks the first contraction in four months as price pressures increased.
Xurve View
Xurve View
Economic activity in Canada contracted in March for the first time in four months, as inflationary pressures showed a notable increase. According to the latest Ivey Purchasing Managers Index (PMI) data, the seasonally adjusted index fell to 49.7 last month from 56.6 in February, marking its first dip below the 50-point threshold since November.
