Canada's Ivey PMI beats expectations with December rise

Mon Jan 7, 2013 10:09am EST
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TORONTO Jan 7 (Reuters) - Purchasing activity in Canada rose in December, according to Ivey Purchasing Managers Index data released on Monday that pointed to a modest uptick in economic activity to close out the fourth quarter.

The seasonally adjusted index rose to 52.8 in December from 47.5 in November. Analysts polled by Reuters had expected an adjusted reading of 49.5.