Investing.com – Canada's Ivey purchasing managers’ index rose unexpectedly in December, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose by 3.6 points to 63.5 in December from a reading of 59.9 in November.
Analysts had expected the index to decline by 0.8 points to 59.1.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index rose to 60.0 in December from 49.4 in November. The Prices Paid Index fell to 67.7 from 68.1, while the Deliveries Index advanced to 46.4 from 44.8 in the previous month.
Following the release of the data, the Canadian dollar held on to losses against its U.S. counterpart, with USD/CAD climbing 0.75% to trade at 1.0204.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose by 3.6 points to 63.5 in December from a reading of 59.9 in November.
Analysts had expected the index to decline by 0.8 points to 59.1.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index rose to 60.0 in December from 49.4 in November. The Prices Paid Index fell to 67.7 from 68.1, while the Deliveries Index advanced to 46.4 from 44.8 in the previous month.
Following the release of the data, the Canadian dollar held on to losses against its U.S. counterpart, with USD/CAD climbing 0.75% to trade at 1.0204.