The Ivey PMI for Canada dropped to 54.3 in September of 2020 from 67.8 in the previous month, amid the coronavirus crisis. Employment (53.8 vs 56.1 in August), inventories (44.1 vs 50.9) and supplier deliveries (40.7 vs 51.3) declined. Meantime, price pressures strengthened (60.3 vs 57.6). source: Richard Ivey School of Business

Business Confidence in Canada averaged 56.72 points from 1999 until 2020, 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 October of 2020.

Business Confidence in Canada is expected to be 54.00 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 57.00 in 12 months time. In the long-term, the Canada Business Confidence is projected to trend around 57.70 points in 2021 and 58.00 points in 2022, according to our econometric models.

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Canada Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
54.30 67.80 75.00 22.80 1999 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-07 02:00 PM Jun 58.2 39.1 43
2020-08-07 02:00 PM Jul 68.5 58.2 57.5 57.9
2020-09-04 02:00 PM Aug 67.8 68.5 68.7
2020-10-07 02:00 PM Sep 54.3 67.8 68
2020-11-06 03:00 PM Oct 54.3 54
2020-12-07 03:00 PM Nov


News Stream
Canada Business Morale Deteriorates in September
The Ivey PMI for Canada dropped to 54.3 in September of 2020 from 67.8 in the previous month, amid the coronavirus crisis. Employment (53.8 vs 56.1 in August), inventories (44.1 vs 50.9) and supplier deliveries (40.7 vs 51.3) declined. Meantime, price pressures strengthened (60.3 vs 57.6).
2020-10-07
Canada Business Sentiment Deteriorates in August
The Ivey PMI for Canada fell to 67.8 in August 2020 from 68.5 in the previous month, amid the coronavirus crisis. Employment (56.1 from 57.6 in July) and inventories (50.9 from 61.7) dropped while supplier deliveries (51.3 vs 50.1) increased. Meantime, price pressures weakened (57.6 vs 60.5).
2020-09-04
Canada Business Morale Continues to Recover in July
The Ivey PMI for Canada rose to 68.5 in July 2020 from 58.2 in the previous month, recovering further from an all-time low of 22.8 reached in April and beating market expectations of 57.5. It was the highest reading since April 2018, amid the easing of coronavirus lockdown restrictions. Employment increased (57.6 vs 52.8 in June), while inventories (61.7 vs 61.8) and supplier deliveries (50.1 vs 53.4) dropped. Meantime, price pressures strengthened (60.5 vs 56.4).
2020-08-07
Canada Business Sentiment Continues to Recover
The Ivey PMI for Canada increased to a seven-month high of 58.2 in June 2020 from 39.1 in the previous month, recovering further from an all-time low reached in April amid the coronavirus pandemic. Employment (52.8 vs 41.9 in May), inventories (61.8 vs 46.8) and supplier deliveries (53.4 vs 37.7) rose. Meantime, price pressures strengthened (56.4 vs 54.9).
2020-07-07

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.