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Canada Ivey Purchasing Managers Index s.a came in at 58.2 below forecasts (65.2) in September
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In Short: The Canadian Ivey Purchasing Managers Index came in at 58.2 in September, below forecasts of 65.2.
The Canadian Ivey Purchasing Managers Index (PMI) for September came in at 58.2, falling short of the expected 65.2, according to a report from FXStreet.
This index, which measures the health of Canada's service sector, is an important economic indicator.
FXStreet emphasizes its commitment to providing independent and trusted reviews of financial markets, focusing on the Forex market.
In the early European morning on Tuesday, the USD/JPY pair saw a rise, breaking above the 158.00 level.
The discrepancy between the actual PMI reading and the forecast could indicate slower-than-expected growth in Canada's service sector.
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Sources
- FXStreetlink