OTTAWA May 5 The pace of purchasing activity in
Canada edged up in April, though companies saw a significant
increase in prices paid for input materials, according to Ivey
Purchasing Managers Index data released on Friday.
The seasonally adjusted index increased to 62.4 from 61.1 in
March. A reading above 50 indicates an increase in the pace of
activity. The unadjusted index fell to 58.5 from 67.6.
The seasonally adjusted gauge of prices jumped to 70.9 from
57.0, suggesting firms could face tighter operating margins.
Companies also drew down their inventories, with the measure
tumbling to 46.5 from 61.7.
The measure of employment was little changed, dipping to
53.7 from 53.9.
(Editing by Bernard Orr)