Canada: PMI falls again in October
November 7, 2015
The Ivey Purchasing Managers’ Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, fell a seasonally-adjusted 0.6, dropping from 53.7 in September to 53.1 in October. The figure came in below market expectations of an index value of 54.0. Despite October’s decrease, the volatile index is still above the 50-threshold that indicates expansion in the manufacturing sector.FocusEconomics Consensus Forecast panelists see industrial production expanding 1.2% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel expects industrial production growth of 1.6%, which is down 0.5 percentage points from last month’s forecast.
Author: Robert Hill, Economist