Canada Business Confidence

The Ivey PMI for Canada dropped to 57.2 in November of 2018 from 61.8 in the previous month and well below than market expectations of 60.3. Declines were seen in employment (54.1 from 54.3 in October); inventories (55 from 60.9) and supplier deliveries (40.8 from 43.8). Meanwhile, price pressures diminished (63.7 from 72.6). Business Confidence in Canada averaged 57.10 Index Points from 1999 until 2018, reaching an all time high of 75 Index Points in May of 2006 and a record low of 36.10 Index Points in January of 2009.

Business Confidence in Canada is expected to be 59.00 Index 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 57.00 in 12 months time. In the long-term, the Canada Business Confidence is projected to trend around 52.00 Index Points in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-09-07	02:00 PM	Ivey PMI s.a	61.9	61.8	61.4	59.83
2018-10-04	02:00 PM	Ivey PMI s.a	50.4	61.9	62.3	61.5
2018-11-07	03:00 PM	Ivey PMI s.a	61.8	50.4	50.9	51.1
2018-12-06	03:00 PM	Ivey PMI s.a	57.2	61.8	60.3	60.8
2019-01-07	03:00 PM	Ivey PMI s.a		57.2		59
2019-02-06	03:00 PM	Ivey PMI s.a
2019-03-06	03:00 PM	Ivey PMI s.a

Canada Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	57.20	61.80	75.00	36.10	Index Points	[+]
Manufacturing PMI	54.90	53.90	57.10	47.50		[+]
Industrial Production	2.76	2.89	11.37	-15.24	percent	[+]
Industrial Production Mom	0.14	0.58	3.36	-3.49	percent	[+]
Manufacturing Production	3.32	2.80	12.88	-17.31	percent	[+]
Capacity Utilization	82.60	84.10	87.30	72.70	percent	[+]
New Orders	58830069.00	59036207.00	62768223.00	14816411.00	CAD THO	[+]
Changes in Inventories	6608.00	13540.00	21415.00	-18847.00	CAD Million	[+]
Bankruptcies	210.00	209.00	872.00	177.00	Companies	[+]
Corporate Profits	85053.00	76692.00	85053.00	-758.00	CAD Million	[+]
Car Registrations	165626.00	178985.00	220436.00	19807.00	Units	[+]
Leading Economic Index	-0.10	0.10	1.20	-1.40	percent	[+]
Internet Speed	16205.66	14855.09	16205.66	3293.95	KBps	[+]
IP Addresses	15582991.00	15135509.00	15582991.00	8092964.00	IP	[+]
Steel Production	1160.00	1120.00	1534.00	349.00	Thousand Tonnes	[+]
Mining Production	5.46	4.61	21.12	-16.33	percent	[+]
Competitiveness Index	79.92	80.00	80.00	5.20	Points	[+]
Competitiveness Rank	12.00	10.00	15.00	9.00		[+]
Corruption Index	82.00	82.00	92.00	81.00	Points	[+]
Corruption Rank	8.00	9.00	14.00	5.00		[+]
Ease of Doing Business	22.00	18.00	22.00	8.00		[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	57.20	61.80	75.00	36.10	1999 - 2018	Index Points	Monthly

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Country	Last		Previous	Range
Australia	3.00	Nov/18	5	21 : -30	Index Points
Brazil	63.20	Nov/18	53.7	68.5 : 35	Index Points
Canada	57.20	Nov/18	61.8	75 : 36.1	Index Points
China	50.00	Nov/18	50.2	59.2 : 38.8	Index Points
Euro Area	1.09	Nov/18	1.01	1.62 : -3.27	Index Points
France	105.00	Nov/18	104	124 : 66	Index Points
Germany	102.00	Nov/18	103	110 : 80.2	Index Points
India	64.90	Jun/18	60.1	71.8 : 45.7	Index Points
Indonesia	108.05	Sep/18	113	122 : 95.12	Index Points
Italy	104.40	Nov/18	105	122 : 71.5	Index Points
Japan	19.00	Dec/18	19	53 : -58	Index Points
Mexico	49.90	Nov/18	50.6	58.1 : 33.7	Index Points
Netherlands	7.20	Nov/18	5.9	10.9 : -23.5	Index Points
Russia	-6.00	Nov/18	-5	7 : -20	Index Points
Saudi Arabia	3.00	Jun/16	-12	63 : -12	Index Points
Singapore	-1.00	Sep/18	7	54 : -57	Index Points
South Africa	31.00	Dec/18	34	91 : 10.2	Index Points
South Korea	73.00	Nov/18	71	119 : 35	Index Points
Spain	-0.20	Nov/18	-1.9	8.5 : -39	Index Points
Switzerland	99.10	Nov/18	100	119 : 70.7	Index Points
Turkey	92.80	Nov/18	87.6	123 : 52.6	Index Points
United Kingdom	-16.00	Dec/18	-3	55 : -75	Index Points
United States	59.30	Nov/18	57.7	77.5 : 29.4	Index Points