March 6, 2019 / 3:10 PM / 10 months ago

Canada's Ivey purchasing index falls to 5-month low in February

TORONTO, March 6 (Reuters) - The pace of purchasing activity in Canada slowed in February to its weakest in five months as a measure of inventories declined, according to Ivey Purchasing Managers Index (PMI) data released on Wednesday.

The seasonally adjusted index fell to 50.6, its lowest since September last year, from 54.7 in January. The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. A reading above 50 indicates an increase in the pace of activity.

Reporting by Fergal Smith Editing by Chizu Nomiyama

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