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- Canada's purchasing activity growth unchanged in May
Canada's purchasing activity growth unchanged in May
The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, came in at 55.9 in May, unchanged from April.
Economists had expected the gauge to hit 56.2.
A figure above 50 shows an increase while below 50 shows a decrease.
Within sub-indexes, the employment measure increased to 55.1 in May from 53.7 in the prior month, while the inventories indicator surged to 53.1 from 46.4, the supplier deliveries gauge climbed to 52.4 from 48.7 and the prices index rose to 59.5 last month from 58.9.
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