Canada's Ivey Purchasing Managers Index rose sharply to 60.10 in January, rebounding from upwardly revised 49.3 (33.4) in the previous month, beating analysts' estimates of 42.3.
Firms expanded their workforce at a faster pace (60.5 vs. 59.5 in December) while there was a reduction in inventories (52.7 vs. 53.9). At the same time, the rate of inflation eased (63.6 from 67.5) while supplier deliveries were slower than the previous month (52.3 from 49.1).
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appOne need to keep in mind that this highly volatile low-tier manufacturing survey, which should not be used as a standalone indicator.
Manufacturing sector rebounded sharply in January. Source: https://iveypmi.uwo.ca/
USDCAD broke above resistance level at 1.3450 after release of today's PMI data. Source:xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
