The Canadian Ivey PMI fell -3.4 pts to 47.9 in April, the lowest since January and below expectations of a slight decrease to 51.2.

• The Employment Index fell -0.2 pts to 48.0, the weakest in over two years.
• The Inventories Index edged up 0.1 pts to 53.1, and the Supplier Deliveries Index increased 1.9 pts to 45.1.
• The Prices Index moderated, down -5.6 pts to 70.0, but was still higher than readings for the past two years.