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- Canada's purchasing activity increases more than forecast in November
Canada's purchasing activity increases more than forecast in November
The Ivey
Business School Purchasing Managers Index (PMI), measuring Canada’s economic
activity, climbed to 60.0 in November from an unrevised 48.2 in October. That
was the highest reading since August.
Economists had
expected the gauge to hit 53.8.
A figure above
50 shows an increase while below 50 shows a decrease.
Within
sub-indexes, the inventories indicator surged to 59.1 in November from 45.6 in
the prior month, while the supplier deliveries gauge increased to 52.7 from
45.1 and the employment measure rose to 50.3 from 47.2. At the same time, the
prices index decreased to 54.9 in October from 57.0 in October.
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