The Ivey Purchasing Managers Index in Canada dropped to 60.6 in April 2021 from a near all-time high of 72.9 in the previous month, pointing to a slowdown in economic activity growth. The pace of job creation slowed (58.0 vs 62.7 in March) and prices jumped from the previous month (80.0 vs 75.1). Meanwhile, inventories increased at a softer pace (59.4 vs 61.7) and supplier deliveries were slower than the previous month (37.8 vs 39.6). source: Richard Ivey School of Business

Business Confidence in Canada averaged 56.71 points from 1999 until 2021, reaching an all time high of 75 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 Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Business Confidence in Canada is expected to be 63.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Canada to stand at 55.00 in 12 months time. In the long-term, the Canada Business Confidence is projected to trend around 58.00 points in 2022, according to our econometric models.

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Canada Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
60.60 72.90 75.00 22.80 1999 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-05 03:00 PM Jan 48.4 46.7 47
2021-03-05 03:00 PM Feb 60 48.4 49
2021-04-07 02:00 PM Mar 72.9 60 60.5 62
2021-05-07 02:00 PM Apr 60.6 72.9 67
2021-06-04 02:00 PM May 60.6 65
2021-07-07 02:00 PM Jun
2021-08-06 02:00 PM Jul
2021-09-08 02:00 PM Aug


News Stream
Canada Ivey PMI Falls in April
The Ivey Purchasing Managers Index in Canada dropped to 60.6 in April 2021 from a near all-time high of 72.9 in the previous month, pointing to a slowdown in economic activity growth. The pace of job creation slowed (58.0 vs 62.7 in March) and prices jumped from the previous month (80.0 vs 75.1). Meanwhile, inventories increased at a softer pace (59.4 vs 61.7) and supplier deliveries were slower than the previous month (37.8 vs 39.6).
2021-05-07
Canada Business Morale Strongest since 2011
The Ivey Purchasing Manager's Index in Canada jumped to 72.9 in March of 2021 from 60 in the previous month and above market estimates of 60.5. It was the highest reading since March of 2011 and the second-highest since the survey began in 2000, pointing to a strong improvement in the economic activity. Solid rises were seen in employment (62.7 vs 54 in February) and inventories (61.7 vs 57.8). Meanwhile, deliveries were slower than the previous month (39.6 vs 38.6) while prices eased (75.1 vs 80.2).
2021-04-07
Canada Ivey PMI Remains in Contraction Territory
The Ivey Purchasing Manager's Index in Canada rose to 48.4 in January 2021 from 46.7 in the previous month, but still pointed to the contraction in the economic activity. Employment shrank at the fastest pace since April (41.5 vs 45.8 in December), while deliveries were slower than the previous month (34.7 vs 30.1). Meanwhile, inventories increased sharply (56.7 vs 43.8) and prices jumped (82.8 vs 66.9).
2021-02-05
Canada Business Morale at 7-Month Low
The Ivey PMI for Canada fell to 46.7 in December of 2020 from 52.7 in the previous month. It was the lowest reading since May, pointing to a contraction in activity as rising COVID-19 cases prompted some provinces to announce new COVID-19 restrictions. Decreases were observed in employment (45.8 vs 48.1 in November), inventories (43.8 vs 49.3) and supplier deliveries (30.1 vs 34.3). Meantime, price pressures increased slightly (66.9 vs 66.1).
2021-01-07

Canada Business Confidence
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.