Investing.com – Canada's Ivey purchasing managers’ index fell less-than-expected in June, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index declined to 68.2 in June from 69.1 in May.
Analysts had expected the index to decline to 66.3 in June.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index declined to 60.2 in June from 63.0 in May. The Prices Paid Index eased to 63.2 from 69.8 in May, while the Deliveries Index rose to 49.0 from 40.6 in the previous month.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD slumping 0.71% to trade at 0.9585.
In a report, the Richard Ivey School of Business said its purchasing managers’ index declined to 68.2 in June from 69.1 in May.
Analysts had expected the index to decline to 66.3 in June.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index declined to 60.2 in June from 63.0 in May. The Prices Paid Index eased to 63.2 from 69.8 in May, while the Deliveries Index rose to 49.0 from 40.6 in the previous month.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD slumping 0.71% to trade at 0.9585.