Canada's Ivey purchasing index falls in July

Fri Aug 7, 2015 10:14am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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

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)

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