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.

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Canada



Calendar GMT Actual Previous Consensus TEForecast
2023-04-06 02:00 PM Mar 58.2 51.6 56.1 49
2023-05-04 02:00 PM Apr 56.8 58.2 59 53
2023-06-06 02:00 PM May 56.8 57.2 56.5


Related Last Previous Unit Reference
Business Confidence 56.80 58.20 points Apr 2023

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
56.80 58.20 75.00 22.80 1999 - 2023 points Monthly

News Stream
Canadian Economic Activity Loses Steam: Ivey PMI
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).
2023-05-04
Canadian Economic Activity Growth Accelerates
The Ivey Purchasing Managers Index in Canada jumped to 58.2 in March of 2023 from 51.6 in February, beating market forecasts of 56.1, indicating that purchases were greater than in the previous month. Employment (60.3 vs 59.4) and inventories (54.5 vs 53.7) rose faster, price pressures eased (62 vs 65.3) and the supplier deliveries index declined (54.1 vs 55.8).
2023-04-06
Canada Ivey PMI Falls from 8-Month High
The Ivey Purchasing Managers Index in Canada fell to 51.6 in February of 2023 from an eight-month high of 60.1 in the prior month, missing analysts' expectations of 55.9. The latest reading indicated that Canadian economic activity expanded much slower during February, as the pace of job creation eased (59.4 vs 60.5 in January) and inventories increased (53.7 vs 52.7). Meanwhile, supplier delivery times lengthened (55.8 vs 52.3) and the rate of inflation accelerated (65.3 vs 63.6).
2023-03-06