Canada PMI

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Canada: PMI edges down in August

September 7, 2012

The Ivey Purchasing Managers Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, fell a seasonally adjusted 0.3 points to 62.5 points in August. The decrease, however, was smaller than market expectations that had the PMI declining to 59.0 points. Despite the monthly deterioration, the PMI remains above the 50-point threshold, which indicates that the manufacturing sector is expanding. Moreover, at the current level, the PMI index is 6.1 points above the level observed in the same month last year.


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Canada PMI August 2012

Note: Ivey Purchasing Managers Index. A reading above 50 indicates an expansion in the manufacturing sector while a value below 50 points to a contraction.
Source: Richard Ivey School of Business and the Purchasing Management Association of Canada.


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