The Ivey purchasing managers index (PMI) sponsored by the Richard Ivey School of Business and the Canadian Management Association increased from 56.7 points in October to 57.5 points in November. The reading contrasted market expectations, which had seen the index falling to 56.0 points. A reading above 50 indicates that the manufacturing sector is expanding, whereas a reading below 50 implies a contraction. November's increase was mostly driven by better month-on-month results in the employment component of the index, which rose by 3.1 points. On the other hand, inventories, deliveries and prices components dropped over October.
Purchasing managers index rebounds in November
December 6, 2010
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.