Economic Activity Index Published by the Canadian Purchasing Managers' Association
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The Ivey Purchasing Managers Index (PMI) is a monthly indicator used to evaluate economic activity in Canada. This index is based on a survey conducted by the Ivey Business School, targeting purchasing managers across various Canadian companies. The survey collects data on purchases, inventory levels, employment, supplier deliveries, and prices.
The Ivey PMI uses 50 as a benchmark; a reading above 50 indicates an expansion in economic activity, while a reading below 50 indicates a contraction. This index is considered a crucial measure for quickly understanding the current state and future trends of the Canadian economy. Notably, unexpected results from this index can significantly impact financial markets.
The Ivey PMI is an essential source of information for policymakers, businesses, and investors. It aids in economic forecasting and investment strategy formulation. For instance, if the Ivey PMI shows strong growth, it suggests economic expansion, boosting investor confidence in the Canadian economy. Conversely, a declining index might indicate economic slowdown, prompting a need for risk management and strategic reassessment.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
