FXstree.com (Barcelona) - Economic activity has decreased in Canada in December for the first time in the whole year. The Ivey PMI has fallen to 45.9 in December from 58.7 in November.
The employment index has decreased to 48.0, inventories fell to 42.9, Supplier Deliveries decreased to 39.0, while Prices rose to 60.1.
This is the first time in 2007 tat the Ivey PMI shows figures below 50; the boundary between economical expansion and contraction. In December 2006 Ivey PMI posted a decrease to 49.4, and in December 2005 it was 48.3.