Canada Ivey PMI index seasonally adjusted 52.0 versus 63.0 last month

• Prior month 63.0
• Ivey seasonally adjusted PMI for May 52.0
• Not seasonally adjusted to 59.1 versus 65.7 last month

The Canada Ivey PMI index can be quite volatile. Nevertheless, it is the lowest level since August 2023.

The Bank of Canada cut rates by 25 basis points yesterday