Canada May Ivey PMI Released: Can the Manufacturing Sector Maintain Its Strength?

On May 6, 2026, at 22:00 local time, the Richard Ivey School of Business in Canada released the seasonally adjusted Ivey Purchasing Managers Index (PMI) for May.Last month, the index recorded 57.7, indicating that the manufacturing sector remained relatively stable.The Ivey Purchasing Managers Index provides a comprehensive assessment of manufacturing operations through an in-depth survey of purchasing managers, covering eight dimensions: production, new orders, commodity prices, inventories, employment levels, order deliveries, new export orders, and imports. An index reading above 50 signals expansion in the manufacturing sector, while a reading below 50 indicates contraction.This data serves as a key reference point. As a leading indicator of economic health, it promptly reflects companies' responsiveness to market conditions. Purchasing managers’ judgments regarding the economic outlook are typically timely and accurate. An increase in this index usually supports the performance of the Canadian dollar.The index is released monthly, enabling market participants to closely monitor the pulse of Canada’s manufacturing sector.

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