The Ivey Purchasing Managers Index (PMI) sponsored by the Richard Ivey School of Business and the Canadian Management Association plunged from 57.5 points in November to 50.0 points in December. The reading came in below market expectations, which had seen the index falling to 53.3 points. December's PMI figure indicated that the manufacturing sector was neither expanding (above the 50-point threshold) nor contracting (below the 50-point threshold). December's decrease was mostly driven by worse month-on-month results in the employment and deliveries components of the index, which fell by 7.5 and 3.6 points respectively. On the other hand, inventories and prices components increased over November.
Purchasing managers index drops in December
January 6, 2011
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.