The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, rose to 64.7 in May from 60.6 in April.

A reading above 50 signals expansion, while a reading below 50 indicates contraction.

Within sub-indexes, the employment measure surged to 67.0 in May from 58.0 in the previous month, while the inventories indicator climbed to 65.3 from 59.4. At the same time, the prices index decreased to 78.6 in May from 80.0 in April and the supplier deliveries gauge declined to 34.8 from 37.8.