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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

U.S. first-quarter GDP report prompts inflation, growth concerns among investors

Canada's Ivey PMI shows activity expanding at a faster pace in September

Reuters
·1 min read
FILE PHOTO: The Canadian flag is seen on top of a flagpole in the midst of high-rise buildings in the financial district of Toronto

TORONTO (Reuters) - Canadian economic activity expanded at a faster pace in September as measures of prices and supplier deliveries moved higher, Ivey Purchasing Managers Index (PMI) data showed on Thursday.

The seasonally adjusted PMI rose to 70.4 from 66.0 in August. It has been above the 50 threshold, indicating an increase in activity, since February.

The index measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in the public and private sectors from across Canada.

The gauge of prices rose to 79.1 from 69.7 in August, while the supplier deliveries index was up at 36.5 from 34.2.

The unadjusted PMI rose to 64.5 from 63.8.

(Reporting by Fergal Smith)