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Ekonomické zprávy
05.04.2024

Canada's private sector activity grows more than expected in March - Ivey

The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, surged by 3.6 points to 57.5 in March from an unrevised 53.9 in February. The latest print pointed to an expansion in the private sector’s activity for the 8th straight month, the pace of which was also the strongest since March 2023 (58.2). 

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

Economists had predicted the indicator to rise to 54.2 in March.

According to the report, the employment index climbed by 4.6 points to 55.4, indicating continuing growth in employment and at a faster pace than in the previous month. The inventories measure jumped by 2.0 points to 55.6, remaining in positive territory for the third consecutive month. The deliveries gauge rose by 1.8 points to 52.1, indicating an increase in deliveries for the fifth month in a row. Meanwhile, the prices indicator dropped by 2.5 points to 57.9, indicating prices continued to grow in March, albeit at a weaker pace.

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