Canada’s Ivey PMI shows activity decelerating in October By Reuters

Canada's Ivey PMI shows activity decelerating in October
© Reuters. FILE PHOTO: A shipping container is unloaded in the Port of Montreal in Montreal, Quebec, Canada, May 17, 2021. REUTERS/Christinne Muschi/File Photo

TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in October as a measure of supplier deliveries declined, Ivey Purchasing Managers Index (PMI) data showed on Friday.

The seasonally adjusted index fell to 59.3 from 70.4 in September but remaining above the 50 threshold that indicates an increase in activity for the ninth straight month.

The index measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in the public and private sectors from across Canada.

The gauge of supplier deliveries fell to 27.5, its lowest since April 2020 from 36.5 in September, while the prices index climbed to 84.6 from 79.1.

The unadjusted PMI fell to 61.2 from 64.5.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.