Canada PMI December 2018

Canada

Canada: Ivey PMI inches up unexpectedly in December

January 7, 2019

The Ivey Purchasing Managers’ Index (PMI), prepared by the Ricard Ivey School of Business, increased to 59.7 in December from 57.2 in November. The index overshot market analysts’ expectations of 56.8 and remained well above the 50-point threshold separating expansion from contraction in purchasing activity by Canadian firms.

Along with the PMI, Ivey measures four other business-related indices: employment, inventories, prices and supplier delivery times. In December, price pressures intensified, employment growth was largely stable, firms accumulated inventories at a slower pace compared to November and delivery times shortened.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 1.1% in 2019, which is down 0.9 percentage points from last month’s forecast. For 2020, our panel projects fixed investment to increase 1.8%.


Author:, Economist

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Canada PMI December 2018 0

Note: Ivey Purchasing Managers’ Index. A reading above 50 indicates an expansion in purchasing activity while a value below 50 indicates a contraction.
Source: Richard Ivey School of Business and the Purchasing Management Association of Canada.


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