Canada's Ivey PMI rises to four-month high in June
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FILE PHOTO: People shop at the Eaton Centre in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo
TORONTO (Reuters) -Canadian economic activity expanded in June at the fastest pace in four months and price increases accelerated, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.
The seasonally adjusted index rose to 53.3 last month from 48.9 in May, posting its highest level since February. A reading above 50 indicates an increase in activity.
The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada.
The gauge of employment dipped to an adjusted 49.5 from 51.1 in May, while the prices index was at 70.2, up from 66.9.
The unadjusted PMI rose to 54.6 from 53.8.
(Reporting by Fergal Smith; Editing by Chizu Nomiyama )
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