The
Ivey Business School Purchasing Managers Index (PMI), measuring Canada’s
economic activity, fell to 59.3 in October from 70.4 in September. This was the
lowest reading since July.
A
reading above 50 signals expansion, while a reading below 50 indicates
contraction.
Within
sub-indexes, the employment measure fell to 62.0 from 63.7in the previous month,
the inventories indicator dropped to 55.0 from 57.7, and the supplier
deliveries gauge decreased to 27.5 from 36.5. At the same time, the prices
index jumped to 84.6 in October from 79.1 in September.