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- Expansion of Canada's private sector activity decelerates noticeably in July - Ivey
Expansion of Canada's private sector activity decelerates noticeably in July - Ivey
The
Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s
economic activity, fell to 56.4 in July from 71.9 in June. This was the lowest
reading since January.
A
reading above 50 signals expansion, while a reading below 50 indicates
contraction.
Within
sub-indexes, the employment measure dropped to 62.1 in July from 69.6 in the
previous month, while the inventories indicator fell to 60.4 from 65.4, the
prices index decreased to 77.1 from 79.4 and the supplier deliveries gauge declined
to 31.1 from 37.9.
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