The Ivey Purchasing Managers Index in Canada tumbled to 49.6 in July of 2022 from 62.2 in the previous month. It was the lowest reading since last December, pointing to a contraction in economic activity. Decreases were observed in employment (61.4 vs 67.9 in June) and inventories (61.5 vs 66.7). Meanwhile, supplier delivery times shortened (39.4 vs 42.6) and price pressures eased (73.8 vs 77.9). source: Richard Ivey School of Business
Business Confidence in Canada averaged 56.99 points from 1999 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Business Confidence in Canada is expected to be 60.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada is projected to trend around 58.00 points in 2023, according to our econometric models.