The Ivey Purchasing Managers Index in Canada dropped to 60.6 in April 2021 from a near all-time high of 72.9 in the previous month, pointing to a slowdown in economic activity growth. The pace of job creation slowed (58.0 vs 62.7 in March) and prices jumped from the previous month (80.0 vs 75.1). Meanwhile, inventories increased at a softer pace (59.4 vs 61.7) and supplier deliveries were slower than the previous month (37.8 vs 39.6). source: Richard Ivey School of Business
Business Confidence in Canada averaged 56.71 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 May of 2021.
Business Confidence in Canada is expected to be 56.00 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 55.00 in 12 months time. In the long-term, the Canada Business Confidence is projected to trend around 58.00 points in 2022, according to our econometric models.