Canada's economic activity falls to its lowest level in nearly a year


ToRONTO, Aug 6 - Canadian economic activity declined in July at a slower pace as a measure of employment declined and supplier deliveries slowed, Ivey Purchasing Managers Index data showed on Friday.

The seasonally adjusted index fell to its lowest level since January at 71.9 from 56.4 in June.

The Ivey PMI measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in public and private sectors from across Canada. A reading above 50 indicates an increase in activity.

The gauge of employment fell in June to 62.1 from 69.6 adjusted, while the supplier delivery index was down by 31.1 from 37.9.

The unadjusted PMI plunged from 67.7 to 59.8.