Canada Ivey Purchasing Managers Index (Ivey PMI) shows economic activity in the past month, calculated by the Ivey School of Business.
The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of several hundred companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month. The answers to questions do not contain quantitative assessments, while respondents describe activities in terms of "higher", "lower" or "unchanged" as compared to the previous month.
Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities.
The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.
PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire manufacturing sector. It is interpreted as a leading indicator of production and inflation. Index growth is an indication of favorable changes in market conditions and can be seen as positive for the Canadian dollar.
The chart of the entire available history of the "Ivey Canada Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.