Sharp fall in the Ivey PMI index
- IVY purchasing managers index (SA) for September comes in weaker at 54.3 vs. 67.8 last month
- Unadjusted index comes in at 61.1
- the index was at 48.7 percent a year ago
- the 3 month average is 63.5
- employment 53.8 vs. 56.1 last month
- inventory 44.1 vs. 50.9 last month
- supplier deliveries 40.7 vs. 51.3 last month
- price is 60.3 vs. 57.6 last month
The PMI index can be quite volatile.