Canada's Ivey PMI rises to seven-month high in April
Tweet
Share
E-mail
FILE PHOTO: A drone view shows shipping containers and transport trucks at the Port of Montreal in Montreal, Quebec, Canada April 14, 2025. REUTERS/Carlos Osorio/File Photo
TORONTO, May 6 (Reuters) - Canadian economic activity expanded in April at the fastest pace in seven months as measures of employment and prices accelerated, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.
The seasonally adjusted index rose to 57.7 last month from 49.7 in March, marking its highest level since September.
The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. A reading above 50 indicates an increase in activity.
The gauge of employment rose to an adjusted 54.7 from 51.1 in March, while the prices index was at 76.6, up from 75.7.
The unadjusted PMI rose to 61.5 from 56.5.
(Reporting by Fergal Smith; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump caps summer of US 250th birthday with auto race through Washington
- Robots can outrun humans, but can they plug in a cable?
- Alibaba plans $10 billion Hong Kong share placement to fund AI spending
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
