FX.co ★ Canadian Ivey PMI Shows Strong Growth in April 2024

The latest data from Canada's Ivey Purchasing Managers' Index (PMI) for the month of April 2024 indicates a significant uptick in economic activity. The seasonally adjusted index rose to 65.7, surpassing the previous indicator of 63.0 reported in March 2024. This increase suggests a strong expansion in the Canadian manufacturing sector, reflecting growing confidence among purchasing managers.

The Ivey PMI is a key economic indicator that provides insights into the country's economic health, particularly in the manufacturing industry. The latest figures point to robust growth and positive sentiment among businesses in Canada. The data, released on 7th May 2024, highlights the resilience of the Canadian economy and signals potential opportunities for further economic advancement in the coming months.