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Canada's Ivey purchasing index slows in Sept

Published 2015-10-06, 10:14 a/m
© Reuters.  Canada's Ivey purchasing index slows in Sept

OTTAWA, Oct 6 (Reuters) - The pace of purchasing activity in
Canada slowed in September as a decline in the measure of prices
offset gains in employment and inventories, according to Ivey
Purchasing Managers Index data released on Tuesday.
The seasonally adjusted index fell to 53.7 from 58.0 in
August, a tad short of analysts' expectations for 54.0. A
reading above 50 indicates an increase in the pace of activity.
The unadjusted index rose to 63.3 from 55.6.
While the seasonally adjusted prices component decreased to
64.4 from 66.3, the other measures in the index all improved.
Employment rose to 57.1 from 56.3, while inventories rebounded
to 52.1 from 42.4.

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