Canada Business Confidence

Last Release

May 31, 2025

Actual

48.9

Units In

Points

47.9

Frequency

Monthly

Next Release

Jul 08, 2025

Time to Release

30 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
75 May 2006	22.8 Apr 2020	56.67 Points	1999-2025	Richard Ivey School of Business

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.

Latest Updates

The Ivey Purchasing Managers Index in Canada dropped to 48.9 in May 2025 from 47.9 in April, surpassing expectations of 48.3 and signaling a contraction in economic activity for the second time since January. The employment index rose to 51.1 from 48.0, pointing to an improvement in workforce levels. Also, inventories went up to 54.9 from 53.1, suggesting some buildup, and supplier deliveries lengthened further (47.5 vs 45.1). Meanwhile, the price index fell to 66.9 from 70.0.