Canada’s Ivey PMI Slows in April

Economic activity in Canada continued to expand during April but a slower pace compared with its highest level in 10 years, which was recorded in March, data showed on Friday.

The seasonally adjusted Ivey Purchasing Managers Index (PMI) retreated to a 60.6 in April from a reading of 72.9 in March, which was the second highest on record and the biggest since March 2011.

The unadjusted Ivey PMI fell to 59.9 last month from 67.3 in March.

The employment index decreased to an adjusted reading of 58 last month from 62.7 in March.

Meanwhile, the supplier deliveries index declined to 37.8, down from 39.6 in the previous month.