Canadian Ivey PMI Surges in June

Seasonally adjusted Canadian Ivey Purchasing Managers’ Index (PMI) rose to 58.2 in June from 39.1 in May, versus a consensus expectation of 25.1.

The index give a signal of economic recovery, after passing the 50-point mark for the first time since February, with economic activity slowing down during the past four months due to the coronavirus disease (COVID-19) pandemic.

The unadjusted s.a. PMI rose to 62.9 from 42.1 in May.