Canada’s Ivey PMI Rises Above Expectations

Canada’s Ivey PMI rose to 56.6 in February 2026 from 50.9 in January, exceeding forecasts of 51.1 and signaling broader economic expansion. The Prices Index eased to 63.4 from 64.8, reflecting moderating inflationary pressure. Inventories climbed to 57.2 from 50.9, suggesting restocking activity. Meanwhile, the Supplier Deliveries Index fell to 45.2 from 49.2, indicating slower input flows. The Employment Index eased to 49.4 from 51.1, hinting at softer hiring momentum despite overall growth.

Canada’s Ivey Purchasing Managers Index slipped to 50.9 in January 2026 from 51.9 in December, but remained above market expectations of 49.7, signaling continued modest expansion. The Employment Index eased to 51.1 from 52.9. Meanwhile, the Supplier Deliveries Index rose to 49.2 from 47.7, the Inventories Index rebounded to 50.9 from 45.8, and the Prices Index climbed to 64.8 from 63.2, pointing to persistent cost pressures.

Canada’s Ivey Purchasing Managers Index rose to 51.9 in December 2025 from 48.4 in November, beating market expectations of 49.5 and signaling a return to expansion after a month in contractionary territory. The Employment Index climbed to 53 from 48, pointing to improved labor conditions. In contrast, the Inventories Index fell to 45.8 from 50, while the Supplier Deliveries Index eased to 47.7 from 49.8, suggesting slightly faster deliveries. Meanwhile, price pressures moderated, with the Prices Index declining to 63.2 from 66.1.