The Ivey PMI came in better than expected at 56.6, indicating purchasing activity expanded at the highest rate since September…

… on the back of inventory stockpiling, with balances rising more than any other time in recent years and supplier deliveries slowing - hinting at tighter supply chains…

… which could signal a future production ramp, flowing through to GDP. It could take a minute though, with the employment index down for the second straight month…

… which should show up in manufacturing employment in the next jobs print.

You might be interested in…

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.