The Ivey Purchasing Managers Index in Canada fell to 56.8 in April of 2023 from 58.2 in the prior month and missing market estimates of 59. The latest reading pointed to the fourth consecutive month of expansion in Canadian economic activity, albeit at a slower pace, as inventories declined (48.6 vs 54.5 in March) and the pace of job creation eased (55.8 vs 60.3). Meanwhile, supplier delivery times shortened (51.2 vs 54.1) and the rate of inflation softened (59 vs 62). source: Richard Ivey School of Business
Business Confidence in Canada averaged 56.85 points from 1999 until 2023, reaching an all time high of 75.00 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 2023.
Business Confidence in Canada is expected to be 52.30 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 55.00 points in 2024, according to our econometric models.