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)