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Canada's Ivey PMI falls to three-month low in August
Canadian economic activity barely expanded in August as employment declined and prices cooled, Ivey Purchasing Managers Index (PMI) data showed on Friday. The seasonally adjusted index fell to 50.1 last month from 55.8 in July, posting its lowest level since May. 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 dropped to an adjusted 46.0 from 51.2 in July, while the prices index was at 65.1, down from 68.5. The unadjusted PMI fell to 50.0 from 54.6.
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