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

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

By Fergal ‌Smith

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)