Canada’s Ivey Purchasing Managers' Index came off its high reached in the previous month, but still expanded in June.
The gauge was at 55.9, where a reading above 50 indicates growth in purchasing activity. The slower growth follows a surge to a 19-month high, when 62.3 was reached in May.
Analysts had estimated to see the pace ease to 56 during the sixth month of the year.
The PMI, which is released by the Richard Ivey School of Business at Western University, measures monthly changes in economic activity based on a panel of purchasing managers from across Canada.
It includes the public and private sectors and consists of five categories: purchases, employment, inventories, supplier deliveries and prices.
