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Ekonomické zprávy
06.03.2023

Canada's private sector activity expands less than expected in February - Ivey

The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, fell 8.5 points to 51.6 in February from an unrevised 60.1 in January, pointing to a growth in the private sector’s activity, albeit at a slower pace than in the previous month.

A reading above 50 signals expansion, while a reading below 50 indicates contraction.

Economists had predicted the indicator to come in at 55.9 in February.

The headline indicator’s sub-indexes demonstrated mostly gains last month. The deliveries index surged by 3.5 points to 55.8. The prices indicator increased by 1.7 points to 65.3, recording its first advance in four months. The inventories measure climbed by 1.0 point to 53.7. At the same time, the employment gauge plunged by 1.1 points to 59.4, its lowest level since October 2022 (54.60). 

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