The Ivey Purchasing Managers Index (PMI) in Canada saw a slight uptick in June 2025, indicating ongoing growth in the country's economy. The latest data, updated as of July 8, 2025, shows that the Index climbed to 54.6, compared to the previous month's figure of 53.8.
This increase in the PMI is a positive sign, suggesting an acceleration in business activity across various sectors. The PMI, which measures the economic activity and health of the manufacturing and related industries, indicates expansion when the reading is above 50. Therefore, the current reading is a favorable indicator for Canada's economic landscape as it signals continued expansion.
The uptick aligns with expectations of modest but consistent economic growth as the Canadian economy navigates through a period of global economic uncertainty. Analysts will be looking closely at future PMI reports to see if this trend continues, providing a barometer for business confidence and economic performance across the nation.
