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Canada's Ivey PMI climbs to one-year high in July

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada's Ivey PMI climbs to one-year high in July teaser image

TORONTO, Aug 7 (Reuters) - Canadian economic activity expanded in July at the fastest pace in one year as employment rose, Ivey Purchasing Managers Index (PMI) data showed on Thursday.

The seasonally adjusted index rose to 55.8 last month from 53.3 in June, posting its highest level since July 2024. A reading above 50 indicates an increase in activity.

The gauge of employment edged up to an adjusted 51.2 from 49.5 in June, while the prices index was at 68.5, down from 70.2.

The unadjusted PMI was unchanged from June at 54.6.

Reporting by Fergal Smith

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