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.Related NewsGDP Growth Rate QoQ Final for Q4 in the United States is 0.5%, lower than the previous value of 4.4%. The forecast was 0.7%.(to/s)
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