Canadian Ivey PMI grew in February to 51.1 on a seasonally adjusted basis, and expanding purchasing activity since January.
The employment index got to 55.8 February, indicating employment was higher than in January.
The inventories index fell to 43.6 since January, while the supplier deliveries index grew to 52.2, indicating supplier deliveries were faster than the previous month.
The prices index was up to 58.8 in February, indicating prices were higher than the previous month.
The unadjusted Ivey Purchasing Managers Index was at 51.6 in February
The index being higher than 50 indicates expansion of purchasing activity, while the index below 50 indicates decline.