Canada PMI March 2016

Canada

Canada: PMI decreases in March

April 6, 2016

The Ivey Purchasing Managers’ Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, decreased a seasonally-adjusted 3.3 points, down from 53.4 in February to 50.1 in March. The decrease puts March’s result below market expectations of a 55.0 reading. Despite the decrease, the volatile index is still marginally above the 50-threshold that indicates expansion in the manufacturing sector.

FocusEconomics Consensus Forecast panelists see industrial production expanding 0.9% in 2016, which is up 0.6 percentage points from last month’s forecast. For 2017, the panel expects industrial production growth of 3.0%.


Author:, Economist

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Canada PMI March 2016

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


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