FX.co ★ Canada Ivey PMI Improves, Remains in Contraction

The Ivey Purchasing Managers Index in Canada increased slightly to 48.9 in May 2025, compared to 47.9 in April, exceeding forecasts of 48.3. Despite this slight uptick, it still indicates a contraction in economic activity for the second instance since January. The employment index showed improvement, rising to 51.1 from the previous 48.0, reflecting enhanced workforce levels. In terms of inventories, there was an increase to 54.9 from 53.1, indicating some accumulation. Furthermore, supplier delivery times extended further, with a reading of 47.5 compared to 45.1. On the other hand, the price index experienced a decrease, dropping to 66.9 from 70.0.