Track the CA Ivey PMI to gauge Canadian economic trends. A score above 50 signals expansion, pivotal for market strategies.
This indicator serves as a primary gauge of economic vitality, as businesses swiftly respond to market trends. Purchasing managers provide some of the most timely and relevant insights regarding their company's economic outlook. A reading above 50.0 signifies industry growth, while a value below indicates a downturn. Note that the series transitioned from non-seasonally adjusted to seasonally adjusted data as of March 2011.
What it Measures
This reflects the level of a diffusion index derived from surveys of purchasing managers.
Usual Effect
'Actual' results surpassing 'Forecast' are favorable for the currency.
Source & Frequency
Richard Ivey School of Business (latest release) - https://www.ivey.uwo.ca/ • Data is released monthly, approximately five days following the end of the month.
How Data is Derived
Survey of about 175 purchasing managers, selected geographically and by sector of activity to match the economy as a whole, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
N/A
Acronym
Purchasing Managers' Index (PMI)