trending Market Intelligence /marketintelligence/en/news-insights/trending/wtwRueDqCVgI3KMMbomEwQ2 content esgSubNav
In This List

Canadian purchasing activity growth reaches 10-month high in August

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Canadian purchasing activity growth reaches 10-month high in August

Canadian purchasing activity growth climbed to a 10-month high in August as supplier deliveries remained in the contraction territory, according to data from the Ivey Business School.

The seasonally adjusted Ivey Purchasing Managers Index rose to 60.6 in August from 54.2 recorded in the prior month. The index gauges monthly changes in economic activity as indicated by a panel of purchasing managers, with a reading above 50 indicating growth.

The employment index declined to 52.7 in August from 56.6 in July, while the inventories index rose to a nine month-high of 54.8 from 46.9 in the previous month.

The supplier deliveries index rose to 49.9 from 46.0 in July. Meanwhile, the prices index dropped to 51.3 from 59.2 in July.