The Ivey Purchasing Managers Index in Canada rose to 54.7 in December 2024, up from 52.3 in November but below market expectations of 55.4. This suggests that economic expansion remained steady for the fourth consecutive month, with employment growth improving (55.3 vs. 54.6), while inventory levels surged (55.2 vs. 50.1). Meanwhile, price pressures eased, with the price index falling to 61.5 from 62.9, signaling growing inflationary concerns within the economy. However, the unadjusted PMI also decreased sharply to 44.3 in December from 49.7 in the prior month. source: Ivey Business School

Business Confidence in Canada increased to 54.70 points in December from 52.30 points in November of 2024. Business Confidence in Canada averaged 56.69 points from 1999 until 2024, reaching an all time high of 75.00 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 Ivey Purchasing Managers Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Business Confidence in Canada increased to 54.70 points in December from 52.30 points in November of 2024. Business Confidence in Canada is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Ivey Purchasing Managers Index is projected to trend around 56.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-06 03:00 PM Ivey PMI s.a Nov 52.3 52.0 53.1 52.7
2025-01-07 03:00 PM Ivey PMI s.a Dec 54.7 52.3 55.4 54
2025-02-06 03:00 PM Ivey PMI s.a Jan


Related Last Previous Unit Reference
Bankruptcies 332.00 323.00 Companies Oct 2024
Business Outlook Survey Indicator -2.31 -2.88 points Sep 2024
Ivey PMI s.a 54.70 52.30 points Dec 2024
Capacity Utilization 79.30 79.10 percent Sep 2024
New Motor Vehicle Sales 163577.00 166557.00 Units Oct 2024
Changes in Inventories 17266.00 24869.00 CAD Million Sep 2024
Composite Leading Indicator 100.46 100.17 points Nov 2024
Corporate Profits 141003.00 141817.00 CAD Million Sep 2024
Corruption Index 76.00 74.00 Points Dec 2023
Corruption Rank 12.00 14.00 Dec 2023
Crude Oil Rigs 205.00 219.00 Nov 2024
Industrial Production -1.20 -0.70 percent Sep 2024
Industrial Production Mom 0.10 0.00 percent Sep 2024
Manufacturing Production -2.80 -4.30 percent Oct 2024
Manufacturing Sales MoM 0.50 2.10 percent Nov 2024
Mining Production 3.10 4.50 percent Sep 2024
New Orders 70613439.00 71265147.00 CAD Thousand Oct 2024
CFIB Business Barometer 56.40 59.70 points Dec 2024
Wholesale Sales MoM -0.70 1.00 percent Nov 2024

Canada Ivey Purchasing Managers Index
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 value above 50 indicates an increase in purchases from the previous month and a value below 50 indicates a decrease.
Actual Previous Highest Lowest Dates Unit Frequency
54.70 52.30 75.00 22.80 1999 - 2024 points Monthly


News Stream
Canada Economic Activity Improves Less Than Expected
The Ivey Purchasing Managers Index in Canada rose to 54.7 in December 2024, up from 52.3 in November but below market expectations of 55.4. This suggests that economic expansion remained steady for the fourth consecutive month, with employment growth improving (55.3 vs. 54.6), while inventory levels surged (55.2 vs. 50.1). Meanwhile, price pressures eased, with the price index falling to 61.5 from 62.9, signaling growing inflationary concerns within the economy. However, the unadjusted PMI also decreased sharply to 44.3 in December from 49.7 in the prior month.
2025-01-07
Canada Economic Activity Improves in November: Ivey PMI
The Ivey Purchasing Managers Index in Canada rose to 52.3 in November 2024, slightly up from 52 in October but below market expectations of 53.1. This suggests that economic expansion remains steady, with employment growth improving significantly (54.6 vs. 51.3), while inventory levels remained largely unchanged (50.1 vs. 50.4). However, price pressures accelerated, with the price index rising to 62.9 from 58.5, signaling growing inflationary concerns within the economy.
2024-12-06
Canada Economic Activity Unexpectedly Slows: Ivey PMI
The Ivey Purchasing Managers Index in Canada eased to 52 in October 2024, down from 53.1 in the prior month and missing market estimates of 54.2. This indicated that the economy continued to expand in October, but less than in September, as employment growth slowed (51.3 vs 51.6) and the gauge of inventories decreased (50.4 vs 53.3). Additionally, price pressures heated up (58.5 vs 58.2).
2024-11-06