Canada: Ivey Purchasing Managers Index plummets to 56.7 in July from 65.1 in June

The Ivey Purchasing Managers Index (PMI), an economic index which measures the month to month variation in economic activity, fell to 56.7 (not seasonally adjusted) in July from 65.1 in June. The seasonally adjusted version of the data came in at 61.8 to miss the analysts' expectation of 64.2 Below are the (not seasonally adjusted) sub-indexes.

• Ivey Employment Index fell to 54.5 from 61.
• Ivey Inventories Index stayed unchanged at 53.3.
• Ivey Supplier Deliveries Index fell to 44.6 from 47.1.
• Ivey Prices Index fell to 67.4 from 71.5.