August 7, 2015 / 2:18 PM / in 2 years

Canada's Ivey purchasing index falls in July

OTTAWA (Reuters) - The pace of purchasing activity growth cooled in Canada in July, according to Ivey Purchasing Managers Index data released on Friday.

A man walks by shopping carts in Toronto, February 5, 2015 REUTERS/Mark Blinch

The seasonally adjusted index fell to 52.9, slightly better than analysts’ expectations of 52.0, from 55.9 last month. A reading above 50 indicates an increase in purchases.

The unadjusted index plunged to 50.0 from 59.5.

Reporting by Randall Palmer; Editing by Meredith Mazzilli

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