Canada’s Ivey Index of Purchasing Managers Was 49.0 in June

Canada’s Ivey purchasing managers’ index was 49.0 in June, following a prior reading of 60.5 in May, according to a statement on the University of Western Ontario business school’s website.

Readings of more than 50 indicate purchasing by governments and companies advanced. Economists surveyed by Bloomberg News forecast a reading of 57.5, the median of 12 estimates.

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net