Canada PMI January 2019

Canada

Canada: Ivey PMI sags to a four-month low in January

February 6, 2019

The Ivey Purchasing Managers’ Index (PMI), prepared by the Richard Ivey School of Business, dipped to 54.7 in January from 59.7 in December. The index missed market analysts’ expectations of 56.0, but remained above the 50-point threshold separating expansion from contraction in economic activity.

Along with the PMI, Ivey measures four other business-related indices: employment, inventories, prices and supplier delivery times. In January, price pressures eased, employment growth softened, firms accumulated inventories at a faster pace compared to December and delivery times lengthened.

Canada Fixed Investment Forecast


FocusEconomics Consensus Forecast panelists expect fixed investment to increase 0.9% in 2019, which is down 0.9 percentage points from last month’s forecast. For 2020, our panel projects fixed investment to increase 1.9%.


Author:, Economist

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Canada PMI January 2019

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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