The Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s economic activity, rose to 71.9 in June from 64.7 in May. This was the highest reading since March.

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

Within sub-indexes, the employment measure rose to 69.6 in June from 67.0 in the previous month, while the prices index increased to 79.4 from 78.6 and the inventories indicator edged up to 65.4 from 65.3. In addition, the supplier deliveries gauge improved to 37.9 in June from 34.8 in May.