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Canada's Ivey PMI shows activity decelerating in January

BY Reuters | ECONOMIC | 10:24 AM EST

TORONTO, Feb 6 (Reuters) - Canadian economic activity expanded at a slower pace in January as ?a measure of employment dipped, ?Ivey Purchasing Managers Index (PMI) ?data showed on Friday.

The ?seasonally adjusted ?index edged down to 50.9 ?last month from ?51.9 in December.

The Ivey PMI measures ?the month-to-month ?variation ?in economic activity as indicated by a panel of ?purchasing managers from across Canada. A reading above 50 indicates an increase in activity.

The gauge of ?employment ?decreased to an adjusted 51.1 from 53.0 ?in December, while the prices index was at 64.8, up from 63.2.

The unadjusted PMI rose to 47.0 ?from 43.3, marking a three-month high. (Reporting by Fergal Smith; Editing by ?Chizu Nomiyama and Paul Simao)

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