Canada: Ivey PMI improves to 54.3 in March vs 51.1 expected

The Ivey Purchasing Managers Index (PMI), an economic index which measures the month to month variation in economic activity, rose to 54.3 (seasonally adjusted) in March from 50.6 in December and beat the market expectation of 51.1. Below are the (seasonally adjusted) sub-indexes.

• Ivey Employment Index 54.5 vs 53.2 in February.
• Ivey Employment Index 47.8 vs 52.2 in February.
• Ivey Employment Index 46.2 vs 51.9 in February.
• Ivey Employment Index 58.7 vs 59.8 in February.