The gauge of employment rose to an adjusted 60.3 from 59.4 in February, while the inventories index was up at 54.5, its highest since October, from 53.7. The unadjusted PMI rose to 65.2, its highest since May, from 50.8. (Reporting by Fergal Smith)
TORONTO, April 6 (Reuters) - Canadian economic activity
expanded at a faster pace in March as employment and inventories
both climbed, Ivey Purchasing Managers Index (PMI) data showed
on Thursday.
The seasonally adjusted index rose to 58.2 from 51.6 in
February.
The Ivey PMI measures the month to month variation in
economic activity as indicated by a panel of purchasing managers
from across Canada. A reading above 50 indicates an increase in
activity.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.