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- Canada's private sector activity contracts in December
Canada's private sector activity contracts in December
The Ivey
Business School Purchasing Managers Index (PMI), measuring Canada’s economic
activity, decreased to 46.7 in December from 52.7 in November. That was the
lowest reading since May.
A reading above
50 signals expansion, while a reading below 50 indicates contraction.
Within
sub-indexes, the employment measure fell to 45.8 in December from 48.1 in the
previous month, the inventories indicator dropped to 43.8 from 49.3 and the
supplier deliveries gauge declined to 30.1 from 34.3. At the same time, the
prices index increased to 66.9 in December from 66.1 in November.
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