FXstreet.com (Barcelona) - Canada's Ivey Purchasing Manager's Index has declined further in December, for its third consecutive time with the employment sub-index posting its fourth decline in a row, according to data released by the Ivey school of Economics.

The Ivey PMI has edged down to 39.1 in December from 42.2 in November, making the second month in a row in levels below 50, the boundary between contraction and expansion of the economic activity.

The employment index has declined to 41 while supplier deliveries fell to 40.2, and inventores rose to 42.2.