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.