Investing.com - Canada's Ivey purchasing managers’ index fell more-than-expected in March, deteriorating for the first time in five months, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell by 3.0 points to 63.5 in March from a reading of 66.5 in February.
Analysts had expected the index to decline by 0.5 points to 66.0 in March.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index fell to 52.7 from 58.8 in February. The Prices Paid Index declined to 63.9 from 73.1, while the Deliveries Index eased to 47.4 from 48.8.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.42% to trade at 0.9920.
In a report, the Richard Ivey School of Business said its purchasing managers’ index fell by 3.0 points to 63.5 in March from a reading of 66.5 in February.
Analysts had expected the index to decline by 0.5 points to 66.0 in March.
A figure above 50.0 indicates industry expansion, below indicates contraction.
According to the data, the Employment Index fell to 52.7 from 58.8 in February. The Prices Paid Index declined to 63.9 from 73.1, while the Deliveries Index eased to 47.4 from 48.8.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.42% to trade at 0.9920.