Canada’s Ivey PMI shows activity barely expanding in October According to Reuters

© Reuters. FILE PHOTO: People walk near the sign of the Royal Bank of Canada in Toronto, Ontario, Canada December 13, 2021. REUTERS / Carlos Osorio

TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in October as job growth slowed and price growth accelerated, Ivey Purchasing Managers Index (PMI) data showed on Friday.

The seasonally adjusted index fell to 50.1 from 59.5 in September, holding slightly above 50, marking an increase in activity.

The Ivey PMI measures the monthly change in economic activity as indicated by a panel of purchasing managers from across Canada.

The employment index fell to 54.6 adjusted from 62.5 in September, while the price index rose to 69.8 from 68.1.

The unadjusted PMI fell to 51.4 from 55.9.

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