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<Econ> Canada Mar Ivey PMI Falls to 49.7, Below Forecast
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The Ivey Business School announced that Canadas Purchasing Managers Index (PMI) fell from 56.6 in February this year to 49.7 in March, below the forecast of 55.9, indicating an overall economic contraction. The price index surged from 63.4 to 75.7, reflecting intensifying inflationary pressures. The inventory index declined from 57.2 to 49.4, indicating destocking activities. Meanwhile, the supplier deliveries index dropped from 45.2 to 38.8, suggesting slower input flows. The employment index rose from 49.4 to 51.1, implying that despite the overall contraction, hiring momentum strengthened. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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