Canada’s Ivey PMI Index drops on seasonally adjusted basis in January

The Canadian purchasing managers index dropped on a seasonally adjusted basis in January. The Ivey Purchasing Managers Index fell to 55.2 from 60.4, coming in below expectations of 61. The corresponding figure for January 2017 was 57.2, while for January 2016 was 66.

The Employment index for January 2018 came in at 56.5, while the index for inventories and supplier deliveries came in at 58.4 and 46.4, respectively. The prices index stood at 66.6.

On a seasonally unadjusted basis, the Ivey PMI data rose to 51.3 from 49.3. The indices for employment, inventories, supplier deliveries and prices stood at 51.3, 55.1, 45.3 and 72.1.

For the month of December, the Ivey PMI on a seasonally adjusted basis was at 60.4. The indices for employment and inventories stood at 56.7 and 49.1. Supplier deliveries and prices indices were at 48.2 and 62.5.

At 18:00 GMT the FxWirePro's Hourly Strength Index of Canadian Dollar was neutral -33.9216, while the FxWirePro's Hourly Strength Index of US Dollar was highly bullish at 105.27. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest