Canada: PMI decreases in March
April 4, 2014
The Ivey Purchasing Managers Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, inched down a seasonally-adjusted 2.0 points to 55.2 points in March. The market had expected an increase to 59.0 points. Despite the decrease, the index remained above the 50-point threshold that indicates expansion in the manufacturing sector.
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.4% in 2014, which is up 0.1 percentage points from last month's forecast. For 2015, the panel expects industrial production to grow to 2.8%.
Author: Armando Ciccarelli, Head of Data Solutions