Canada's Ivey PMI hits four-month low in July

TORONTO, Aug ‌7 (Reuters) - ​Canadian ​economic activity expanded at a slower pace ‌in July as a measure ⁠of employment declined and price ‌increases accelerated, Ivey ‌Purchasing Managers Index (PMI) data showed on Friday.

• The seasonally ​adjusted index fell to 55.1 from 56.2 in ⁠June, marking its lowest level since ​March.

• 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 dipped to an adjusted 52.2 from 53.6 in ‌June.

• The adjusted prices index was at ‌75.5, up from 73.7.

• The ⁠unadjusted PMI ‌fell to ​54.1 from 59.7.

(Reporting by Fergal SmithEditing by Nick ‌Zieminski)

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