Canada’s Ivey PMI edges higher in October as employment gauge rises

The Globe and Mail · Fergal Smith ·

Seasonally adjusted index up to 58.3 last month from 58.2 in September

Canadian economic activity expanded at a slightly faster pace in October as a measure of employment rose, Ivey Purchasing Managers Index (PMI) data showed on Friday.

The seasonally adjusted index edged up to 58.3 last month from 58.2 in September.

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.

Read the full story at The Globe and Mail · All coverage of this story