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- Expansion of Canada's private sector activity accelerates strongly in June - Ivey
Expansion of Canada's private sector activity accelerates strongly in June - Ivey
The
Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s
economic activity, rose to 71.9 in June from 64.7 in May. This was the highest
reading since March.
A reading
above 50 signals expansion, while a reading below 50 indicates contraction.
Within
sub-indexes, the employment measure rose to 69.6 in June from 67.0 in the
previous month, while the prices index increased to 79.4 from 78.6 and the
inventories indicator edged up to 65.4 from 65.3. In addition, the supplier
deliveries gauge improved to 37.9 in June from 34.8 in May.
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