The
Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s
economic activity, rose 1.9 points to 61.2 in November, rebounding from October’s
three-month low of 59.3.
A
reading above 50 signals expansion, while a reading below 50 indicates
contraction.
The
headline indicator’s sub-indexes demonstrated mixed performance in November. The
supplier deliveries gauge increased 2.1 points to 29.6 but remained in contraction territory. Meanwhile, the inventories indicator remained unchanged
at 55.0. The employment measure plunged 7.5 points to 54.5, its lowest level
since February, and the prices index tumbled 9.6 points to 75.0, its lowest
reading in three months.