Canada’s Ivey PMI Rebounds in June

Economic activity in Canada expanded last month showing more signs of recovery, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

The Canadian seasonally adjusted Ivey Purchasing Managers’ Index (PMI) increased in June to 71.9 from 64.7 in May.

This marked the highest reading for the index since March.

The employment index leveled up to 69.6 from 67.0, while the prices index rose to 79.4 from 78.6.

Meanwhile, the unadjusted PMI rose to 67.7 from 59.8.