Canada's Ivey PMI shows activity expanding at slowest pace in four months
Reuters
Published Oct 07, 2020 10:33AM ET
TORONTO (Reuters) - Canadian economic activity expanded at a slower pace for the second straight month in September as a measure of supplier deliveries tumbled, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.
The seasonally adjusted PMI fell to 54.3 from 67.8 in August, after notching in July its highest in more than two years at 68.5.
It was the lowest level for the index since May but remaining above the 50 threshold that indicates an increase in activity.
The Ivey PMI 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 employment fell to an adjusted 53.8 from 56.1 in August, while the supplier deliveries index slumped to 40.7 from 51.3.
The unadjusted PMI fell to 61.1 from 64.6.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.