TORONTO, Oct 4 (Reuters) - The pace of purchasing activityin Canada picked up modestly in September as employmentrebounded, according to Ivey Purchasing Managers Index datareleased on Friday.
The seasonally adjusted index rose to 51.9 from 51.0 inAugust, slightly short of analysts' expectations for 52.9.
A reading above 50 indicates an increase in the pace ofactivity. This was the second month in a row the index has shownthe sector is expanding, after retreating below 50 in July.
The unadjusted index rose to 59.4 from 51.9.
A gauge of employment pushed back into expansion territory,jumping to 53.5 from 43.6. A measure of inventories rose to 54.2from 48.7. But supplier deliveries retreated slightly to 45.3from 45.6.
- Employment & Career