Canada Business Confidence

Last Release

Dec 31, 2024

Actual

54.7

Units In

Points

52.3

Frequency

Monthly

Next Release

Feb 06, 2025

Time to Release

28 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
75 May 2006	22.8 Apr 2020	56.78 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 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.