The Ivey Purchasing Managers Index in Canada rose to 72 in May of 2022 from 66.3 in the previous month. The pace of job creation picked up (67.9 vs 65.1 in April) and inventories also rose (69.8 vs 64.1) while prices edged down (82.4 vs 90.2). Meanwhile, supplier delivery times lengthened (42.3 vs 37.8). source: Richard Ivey School of Business

Business Confidence in Canada averaged 57 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 June of 2022.

Business Confidence in Canada is expected to be 65.00 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.

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Canada



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 02:00 PM Apr 66.3 74.2 73.8
2022-06-07 02:00 PM May 72 66.3 64
2022-07-07 02:00 PM Jun 72


Related Last Previous Unit Reference
Business Confidence 72.00 66.30 points May 2022

Canada
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.
Actual Previous Highest Lowest Dates Unit Frequency
72.00 66.30 75.00 22.80 1999 - 2022 points Monthly

News Stream
Canada Ivey PMI Increases in May
The Ivey Purchasing Managers Index in Canada rose to 72 in May of 2022 from 66.3 in the previous month. The pace of job creation picked up (67.9 vs 65.1 in April) and inventories also rose (69.8 vs 64.1) while prices edged down (82.4 vs 90.2). Meanwhile, supplier delivery times lengthened (42.3 vs 37.8).
2022-06-07
Canada Ivey PMI Falls from 16-Year High
The Ivey Purchasing Managers Index in Canada fell to 66.3 in April of 2022 from a 16-year high of 74.2 in the prior month. Supplier delivery times lengthened significantly in April (37.8 from 34.8 in March), and firms expanded their inventories of stocks at a slower pace (64.1 from 65.1). Meanwhile, employers enforced staffing efforts, with employment rising at a faster pace (65.1 from 62.5), while the rate of inflation accelerated to a 3-month high (90.2 from 89.6).
2022-05-06
Canada Ivey PMI Hits Highest Since 2006
The Ivey Purchasing Managers Index in Canada increased to 74.2 in March of 2022 from 60.6 in the prior month, and surprising analysts that expected it to drop to 60. It was the highest reading since May 2006, as firms expanded their workforce at a faster pace (62.5 from 60.3 in February). On the price front, the rate of inflation accelerated (89.6 from 88.5), as inventories remained were higher (65.1 from 62.1) while supplier deliveries were slower than the previous month (34.8 from 31.9).
2022-04-06