Canada's Ivey PMI edges higher in October as employment rises

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada's Ivey PMI edges higher in October as employment rises teaser image

TORONTO, Nov 6 (Reuters) - Canadian economic activity expanded ​at a slightly faster ‌pace in October as a measure of employment rose, Ivey ​Purchasing Managers Index (PMI) ​data showed on Friday.

The seasonally ⁠adjusted index edged up ​to 58.3 last month ​from 58.2 in September.

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 ​activity.

The ​gauge ⁠of employment rose to an adjusted 58.3 ​from 56.5 in ​September.

The ⁠adjusted prices index was at 81.7, down from 82.8.

The ⁠unadjusted ​PMI fell ​to 56.4 from 61.9.

Reporting by Fergal ​Smith; Editing by Chizu Nomiyama

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