By Judy McKinnon
The Ivey Purchasing Managers Index was at 59.7 on a seasonally adjusted basis in October, indicating that purchasing activity in Canada expanded from September.
The index, which measures changes in economic activity as indicated by a panel of purchasing managers from across Canada, is sponsored by the Richard Ivey School of Business at Western University.
An index greater than 50 indicates an expansion of purchasing activity, while an index below 50 indicates a decline.
The employment index for October was at 57.3, indicating employment was higher than in the previous month.
The inventories index was at 53.5, indicating inventories were higher than in the previous month.
The prices index was at 61.5 in October, indicating prices were higher than in the previous month.
The supplier deliveries index was at 49.2, indicating supplier deliveries were slower than in the previous month.
All figures above are on a seasonally adjusted basis.
The unadjusted Ivey Purchasing Managers Index was at 56.5 in October.
Write to Judy McKinnon at email@example.com
(END) Dow Jones Newswires
November 04, 2016 10:18 ET (14:18 GMT)
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