Canada’s Ivey PMI Unexpectedly Contracts
2026-04-07 14:04
By
Felipe Alarcon
1 min. read
Canada’s Ivey PMI tumbled to 49.7 in March 2026 from 56.6 in February, missing forecasts of 55.9 and signaling broader economic contraction.
The Prices Index surged to 75.7 from 63.4, reflecting intensifying inflationary pressure.
Inventories dropped to 49.4 from 57.2, suggesting destocking activity.
Meanwhile, the Supplier Deliveries Index fell to 38.8 from 45.2, indicating slower input flows.
The Employment Index rose to 51.1 from 49.4, hinting at stronger hiring momentum despite overall contraction.