Canada Ivey PMI Falls to Three Month Low of 56.2 in June
The seasonally adjusted Ivey Purchasing Managers Index fell to 56.2 in June from 58.2 in May as employment and price measures softened. While the reading remains above the 50 mark indicating expansion, it represents the slowest pace of economic activity seen since March.
Canada economic activity expanded at a slower pace in June as the Ivey Purchasing Managers Index fell to 56.2. The seasonally adjusted reading declined from 58.2 in May, hitting its lowest level since March. Decelerating employment and price growth suggest a cooling trend for the Canadian economy mid-year.
