July 6, 2015 / 2:21 PM / 2 years ago

Canada's Ivey purchasing index falls in June

(Reuters) - Purchasing activity in Canada fell in June as inventories dropped and employment edged lower, according to Ivey Purchasing Managers Index data released on Monday.

A man walks by merchandise with for sale signs at a shopping mall during the Christmas shopping season in Toronto, December 7, 2012. REUTERS/Mark Blinch

The seasonally adjusted index fell to 55.9 from 62.3 last month. The index’s level above 50 indicates an increase in purchases.

Analysts surveyed by Reuters had expected a reading of 55.5.

The unadjusted index was 59.5, compared with 65.2 a month earlier.

Reporting by Andrea Hopkins; Editing by Chizu Nomiyama

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