TORONTO, Feb 6 (Reuters) – Canadian economic activity expanded at a slower pace in January as a measure of employment dipped, Ivey Purchasing Managers Index (PMI) data showed on Friday.
The seasonally adjusted index edged down to 50.9 last month from 51.9 in December.
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 decreased to an adjusted 51.1 from 53.0 in December, while the prices index was at 64.8, up from 63.2.
The unadjusted PMI rose to 47.0 from 43.3, marking a three-month high.
(Reporting by Fergal Smith; Editing by Chizu Nomiyama and Paul Simao)
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