The seasonally adjusted Ivey purchasing managers index jumps to 62.5 in June after 52.0 in May. The detail indexes are mixed. The employment index is down to 52.9 in June from 56.4 in May and is the softest reading since 50.8 in February. The inventories index is up to 52.7 in May from 49.1 in the prior month and remains around neutral for the third month in a row. The deliveries index is up to 48.6 in June after 47.9 in May and remains within near reach neutral for the sixth straight month. The prices index moderates slightly to 62.3 in June after 63.5 in May with the recent underlying trend mainly in the low- to mid-60's.

The unadjusted Ivey purchasing managers index is up to 62.4 in June after 59.1 in May. The employment index dips to 56.8 in June after 59.8 in May and is not much changed in the last four months. The inventories index is up to 57.1 in June from 52.7 in May. The deliveries index is at neutral at 50.0 in June and hovers in a narrow range around that point for the past eight months. The prices index is slower at 61.8 in June from 64.1 in May, moving with changes in fuel costs.

The Ivey purchasing Managers' Index (PMI) measures purchasing activity as indicated by a panel of purchasing managers selected geographically and by sector of activity to match the Canadian economy as a whole. The PMI includes both the public and private sectors and is based on month-end data. Five categories are covered in the survey: purchases, employment, inventories, supplier deliveries and prices. Results are synthesised into a single index which can range between zero and 100. A reading above (below) 50 signals rising (falling) activity versus the previous month and the closer to 100 (zero) the faster is activity growing (contracting).

The Ivey PMI is provided in two formats -- unadjusted and seasonally adjusted. The index shows responses to one question:"Were your purchases last month in dollars higher, the same, or lower than the previous month?" A figure above 50 shows an increase while below 50 shows a decrease.

The index measures the month to month variation in economic activity as indicated by a panel of purchasing managers. The index uses end of the month data and it covers all sections of Canada's economy. The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel members indicate whether their organizations activity is higher than, the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.