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- Canada's purchasing activity growth deaccelerates in June
Canada's purchasing activity growth deaccelerates in June
The Ivey
Business School Purchasing Managers Index PMI), measuring Canada’s economic
activity, declined to 52.4 in June from an unrevised 55.9 in May. That was the lowest
reading since February.
Economists had
expected the gauge to hit 55.0.
A figure above
50 shows an increase while below 50 shows a decrease.
Within
sub-indexes, the inventories indicator dropped to 50.9 in June from 53.1 in the
prior month, while the supplier deliveries gauge tumbled to 48.9 from 52.4, the
employment measure decreased to 52.7 from 55.1, and the prices index fell to 55.0
last month from 59.5.
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