Investing.com – Canada's Ivey purchasing managers’ index rose significantly more-than-expected in September, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose by 5.8 points to 63.4 in September from 57.6 in August.
Analysts had expected the index to rise by 0.6 points to 58.2 in September.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index declined to 49.1 in September from 53.3 in August. The Prices Paid Index fell to 60.2 from 63.6, while the Deliveries Index declined to 41.7 from 47.7 in the previous month.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.5% to trade at 1.0457.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose by 5.8 points to 63.4 in September from 57.6 in August.
Analysts had expected the index to rise by 0.6 points to 58.2 in September.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index declined to 49.1 in September from 53.3 in August. The Prices Paid Index fell to 60.2 from 63.6, while the Deliveries Index declined to 41.7 from 47.7 in the previous month.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.5% to trade at 1.0457.