The Ivey Purchasing Managers Index in Canada fell to 48.6 in July 2023 from 50.2 in the prior month and worse than market estimates of 52.7. The latest reading pointed to the first monthly contraction in Canadian economic activity after six consecutive months of expansion, as the pace of job creation slowed (54.2 vs 57.6 in June). In the meantime, inventories declined (49.8 vs 52.7), supplier delivery times shortened (47.9 vs 53.4) and prices accelerated (65.1 vs 60.6). source: Ivey Business School

Business Confidence in Canada averaged 56.79 points from 1999 until 2023, reaching an all time high of 75.00 points in May of 2006 and a record low of 22.80 points in April of 2020. This page provides the latest reported value for - Canada Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Business Confidence in Canada is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada is projected to trend around 54.00 points in 2024 and 55.00 points in 2025, according to our econometric models.

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Canada



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 02:00 PM Jun 50.2 53.5 52.3
2023-08-04 02:00 PM Jul 48.6 50.2 52.7 49.7
2023-09-07 02:00 PM Aug 48.6


Related Last Previous Unit Reference
Business Confidence 48.60 50.20 points Jul 2023

Canada
The Ivey Purchasing Managers Index (PMI) is an economic index which measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada, and is prepared by the Ivey Business School at Western University. The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel members indicate whether their organizations activity is higher than, the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.A headline value above 50 indicates an increase in purchases from the previous month and a value below 50 indicates a decrease.
Actual Previous Highest Lowest Dates Unit Frequency
48.60 50.20 75.00 22.80 1999 - 2023 points Monthly

News Stream
Canada Ivey PMI Falls Into Contraction Territory
The Ivey Purchasing Managers Index in Canada fell to 48.6 in July 2023 from 50.2 in the prior month and worse than market estimates of 52.7. The latest reading pointed to the first monthly contraction in Canadian economic activity after six consecutive months of expansion, as the pace of job creation slowed (54.2 vs 57.6 in June). In the meantime, inventories declined (49.8 vs 52.7), supplier delivery times shortened (47.9 vs 53.4) and prices accelerated (65.1 vs 60.6).
2023-08-04
Canada Ivey PMI Eases in June
The Ivey Purchasing Managers Index in Canada eased to 50.2 in June of 2023 from 53.5 in the previous month, but avoided the contractionary territory for a sixth consecutive month, outperforming the deteriorating business confidence in the United States. The employment index pointed to robust payroll growth (57.6 vs 56.2 in May), aligning with other releases that reflect a strong labor market in the Canadian economy. On the other hand, the price gauge edged higher (60.6 vs 60.3) despite the improvement in supplier delivery times (53.4 vs 52.1). Lastly, inventory levels showed a considerable upswing (52.7 vs 49).
2023-07-07
Canada Ivey PMI Falls for 2nd Month
The Ivey Purchasing Managers Index in Canada dropped further to 53.5 in May 2023, from 56.8 in the prior month and well below market forecasts of 57.2. The latest reading indicated that Canadian economic activity slowed for a second month and the most in three months in May, as the pace of job creation eased (56.2 vs 55.8 in April) and inventories increased (49 vs 48.6). Meanwhile, supplier delivery times lengthened (52.1 vs 51.2) and the rate of inflation accelerated (60.3 vs 59).
2023-06-06