The Canadian Ivey PMI rose 4.4 pts to 53.3 in June 2025, signaling a return to expansion territory after two months below the 50 threshold, though still well below the 62.5 reading from June 2024.

• The Employment Index declined -1.6 pts MoM to 49.5, moving back into contraction and down -3.4 pts YoY.
• Inventories fell -4.3 pts MoM to 50.6 and are down -2.1 pts YoY.
• Supplier Deliveries Index dropped -2.8 pts MoM to 44.7, indicating faster deliveries and continued supply-side easing.
• The Prices Index rose to 70.2, up +3.3 pts MoM and +7.9 pts YoY, suggesting accelerating input cost pressures.