Canada’s Ivey PMI rises to 57.7
The Canadian Ivey Purchasing Managers’ Index has increased to 57.7. This represents a significant improvement from the previous reading of 49.7.
The latest figure indicates a notable expansion in the Canadian economy. The increase in the Ivey PMI suggests a strong rebound in economic activity.
The surge in the Ivey PMI may have implications for monetary policy and economic growth in Canada.