Canada: Ivey PMI falls to 45.0 in December from 61.2 in November

Canada's Ivey PMI, which is released by the Richard Ivey School of Business each month and captures business conditions in Canada, fell to 45.0 in December from 61.2 in November. As with other PMI indicators, a result above 50 is generally associated with MoM growth in economic activity. Thus, Canada's Ivey PMI suggests business conditions in the country fell into contractionary territory last month. However, the less volatile seasonally adjusted version of the PMI index fell to 51.1, remaining in expansion territory, after slipping from 61.2 in November.