Canada’s Ivey Purchasing Index Rises in October

November 6, 2013 Share Print 0

The pace of purchasing activity in Canada jumped in October, with supplier deliveries returning to growth, according to Ivey Purchasing Managers Index data released on Wednesday.

The seasonally adjusted index rose to 62.8 from 51.9 in September, far exceeding analysts’ expectations of 51.0.

A reading above 50 indicates an increase in the pace of activity.

The unadjusted index rose to 64.2 from 59.4.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.