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Canada's Ivey PMI shows activity expanding at a slower pace in October

BY Reuters | ECONOMIC | 11/06/24 10:11 AM EST

OTTAWA, Nov 6 (Reuters) - Canadian economic activity expanded at a slower pace in October as purchases were greater than the previous month, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

The seasonally adjusted index fell to 52.0 last month from 53.1 in September. A reading above 50 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 from across Canada.

The gauge of employment fell to an adjusted 51.3 from 51.6 in September, while the prices index was at 58.5, up from 58.2 in September.

The unadjusted PMI fell to 52.2 from 54.5. (Reporting by Promit Mukherjee)

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