Canada Business Confidence

Last Release

Mar 31, 2024

Actual

57.5

Units In

Points

53.9

Frequency

Monthly

Next Release

May 07, 2024

Time to Release

30 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
75 May 2006	22.8 Apr 2020	56.83 Points	1999-2024	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 increased to 57.5 in March 2024, up from 53.9 in February, marking the highest figure in a year and the eighth consecutive monthly increase. Notably, the inventories index increased to 55.6 from February's 53.6, employment (55.4 vs 50.8), and supplier deliveries (52.1 vs 50.3). However, metrics for prices (57.9 vs 60.4) experienced declines. The unadjusted PMI rose from 56.3 to 63.