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.