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Canada's Ivey PMI shows activity slowing markedly in December

Reuters · 01/06/2023 10:24
Canada's Ivey PMI shows activity slowing markedly in December

- Canadian economic activity contracted in December as measures of employment and supper deliveries both fell, Ivey Purchasing Managers Index (PMI) data showed on Friday.

The seasonally adjusted PMI fell to 33.4 last month from 51.4 in November, well below the 50 threshold that indicates a decrease 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 fell to an adjusted 49.8 from 54.3 in November, while the supplier deliveries index was at 38.3, down from 47.8.

The unadjusted PMI fell to 40.6 from 51.5.


(Reporting by Fergal Smith)

((fergal.smith@thomsonreuters.com; +1 647 480 7446))