Canada Ivey PMI Hits Five Month High of 56.6 in February
Canada's Ivey PMI rose to 56.6 in February, marking its highest level since September. While inventories climbed to 57.2, employment activity dipped to 49.4.
Xurve View
Xurve View
Economic activity in Canada expanded at its fastest pace in five months during February, as inventories climbed and overall business momentum accelerated. The seasonally adjusted Ivey Purchasing Managers Index (PMI) rose to 56.6 last month from 50.9 in January, reaching its highest level since September. The index serves as a primary gauge of economic health, with readings above 50 indicating expansion.
