January 7, 2014 / 3:18 PM / in 4 years

Canada's Ivey purchasing index sinks in December

TORONTO (Reuters) - Purchasing activity in Canada contracted sharply and unexpectedly in December, the second straight dismal monthly performance, according to Ivey Purchasing Managers Index data released on Tuesday.

People go shopping in a mall in downtown Toronto, December 23, 2008. REUTERS/Mark Blinch

The seasonally adjusted index fell to 46.3 from 53.7 in November, contrary to analysts’ expectations for a rise 54.5. A figure below 50 shows a decrease in purchasing activity.

Reporting by Alastair Sharp; Editing by James Dalgleish

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