The Ivey Purchasing Managers Index in Canada jumped to 71.9 in June of 2021 from 64.7 in the previous month. It was the second highest reading since March of 2011, signalling a sustained and strong recovery of Canadian businesses from the pandemic impact. Firms expanded their workforce even further, contributing to an increase in the employment index (69.6 from 67.0 in May), and supplier deliveries improved significantly (37.9 from 34.8). Meanwhile, inflation quickened (79.4 from 78.6) and inventories went up narrowly (65.4 from 65.3) in June. source: Richard Ivey School of Business

Business Confidence in Canada averaged 56.80 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 July of 2021.

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. 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.

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Canada Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
71.90 64.70 75.00 22.80 1999 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-07 02:00 PM Mar 72.9 60 60.5 62
2021-05-07 02:00 PM Apr 60.6 72.9 67
2021-06-04 02:00 PM May 64.7 60.6 65
2021-07-07 02:00 PM Jun 71.9 64.7 65
2021-08-06 02:00 PM Jul 71.9 70
2021-09-08 02:00 PM Aug
2021-10-07 02:00 PM Sep
2021-11-05 03:00 PM Oct


News Stream
Canada Business Morale Improves Markedly
The Ivey Purchasing Managers Index in Canada jumped to 71.9 in June of 2021 from 64.7 in the previous month. It was the second highest reading since March of 2011, signalling a sustained and strong recovery of Canadian businesses from the pandemic impact. Firms expanded their workforce even further, contributing to an increase in the employment index (69.6 from 67.0 in May), and supplier deliveries improved significantly (37.9 from 34.8). Meanwhile, inflation quickened (79.4 from 78.6) and inventories went up narrowly (65.4 from 65.3) in June.
2021-07-07
Canada Ivey PMI Rises in May
The Ivey Purchasing Managers Index in Canada rose to 64.7 in May of 2021 from 60.6 in the previous month, pointing to a faster economic activity growth. The pace of job creation picked up (67 vs 58 in April) and inventories also rose (65.3 vs 59.4). Meanwhile, prices edged down (78.6 vs 80) and supplier deliveries slowed again (34.8 vs 37.8).
2021-06-04
Canada Ivey PMI Falls in April
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).
2021-05-07
Canada Business Morale Strongest since 2011
The Ivey Purchasing Manager's Index in Canada jumped to 72.9 in March of 2021 from 60 in the previous month and above market estimates of 60.5. It was the highest reading since March of 2011 and the second-highest since the survey began in 2000, pointing to a strong improvement in the economic activity. Solid rises were seen in employment (62.7 vs 54 in February) and inventories (61.7 vs 57.8). Meanwhile, deliveries were slower than the previous month (39.6 vs 38.6) while prices eased (75.1 vs 80.2).
2021-04-07

Canada Business Confidence
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.