The Ivey Purchasing Managers Index in Canada fell to 59.3 in October of 2021 from a 3-month high of 70.4 in the prior month, pointing to the slowest growth in Canada’s business sector since July, although conditions remained robust. The steepest drop came from the supplier deliveries index (27.5 from 36.5 in September), followed by much softer moderations in inventories (55.0 from 57.7) and employment (62.0 from 63.7). On the other hand, Canadian firms reported even faster price hikes (84.6 from 79.1). source: Richard Ivey School of Business

Business Confidence in Canada averaged 56.89 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 November of 2021.

Business Confidence in Canada is expected to be 68.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-07 02:00 PM Sep 70.4 66.0 64.2
2021-11-05 02:00 PM Oct 59.3 70.4 65
2021-12-07 03:00 PM Nov 59.3 58.7


Related Last Previous Unit Reference
Business Confidence 59.30 70.40 points Oct/21

News Stream
Canada Ivey PMI Falls to 3-Month Low
The Ivey Purchasing Managers Index in Canada fell to 59.3 in October of 2021 from a 3-month high of 70.4 in the prior month, pointing to the slowest growth in Canada’s business sector since July, although conditions remained robust. The steepest drop came from the supplier deliveries index (27.5 from 36.5 in September), followed by much softer moderations in inventories (55.0 from 57.7) and employment (62.0 from 63.7). On the other hand, Canadian firms reported even faster price hikes (84.6 from 79.1).
2021-11-05
Canada Ivey PMI Rises Further
The Ivey Purchasing Managers Index in Canada increased to 70.4 in September of 2021 from 66 in the prior month, signaling a continued improvement in business conditions in Canada. It was the highest reading since June, supported by rising prices (79.1 vs 69.7 in August) and an increase in supplier deliveries (36.5 vs 34.2). Meanwhile, the pace of job creation eased further (63.7 vs 66.9) and inventories also fell (57.7 vs 60.3).
2021-10-07
Canada Ivey PMI Recovers Sharply in August
The Ivey Purchasing Managers Index in Canada jumped to 66 in August of 2021 from 56.4 in the previous month, signalling a marked improvement in business conditions in Canada. Main upward pressure came from the employment sub-index, as firms expanded their workforce at a faster pace (66.9 from 62.1 in July). On the price front, the rate of inflation eased to the lowest in eight months (69.7 from 77.1), as inventories remained almost stable (60.3 from 60.4) and supplier deliveries times lengthened at a softer pace (34.2 from 31.1).
2021-09-08

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.