Notizie economiche
04.10.2024

Canada's private sector activity resumes expansion in September - Ivey

The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, jumped by 4.9 points to 48.2 in September from an unrevised 48.2 in August. The latest print indicated the private sector returned to growth territory after a one-month contraction. 

The 50-point mark separates expansion from contraction.

Economists had predicted the indicator to increase to 50.2 in September.

According to the report, the deliveries gauge rose by 2.2 points to 47.7, indicating shrinkage in deliveries for the sixth straight month. Meanwhile, the employment index declined by 3.1 points to 51.6, indicating a continuing increase in employment albeit at a softer pace than in the previous month. The inventories measure slipped by 0.3 point to 53.3, indicating inventories grew for the fourth consecutive month in September albeit at a slightly weaker pace than in the previous month. On the price front, the prices indicator plunged by 5.4 points to 58.2, indicating prices continued to increase last month, but the pace of growth was the weakest since March (57.9). 

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