Canada: Ivey PMI rises to 50.7 in January from 45.0 in December

Canadian Ivey PMI rose to 50.7 in January from 45.0 in December.
The loonie did not see any reaction to the latest data.

Joel Frank Independent Analyst

Canadian Ivey PMI rose to 50.7 in January from 45.0 in December, the latest survey from the Richard Ivey School of Business revealed. As with other PMI indicators, a result above 50 is generally associated with MoM growth in economic activity. Thus, Canada's Ivey PMI suggests business conditions in the country rose ever so slightly back into expansionary territory in January, as the economy started to tentatively recover from the rapid recent spread of the Omicron Covid-19 variant.

Market Reaction

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Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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