Canada PMI November 2016

Canada

Canada: PMI hits three-month low in November

December 6, 2016

The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, decreased a seasonally-adjusted 2.9 points in November, falling from 59.7 in October to 56.8. November’s result was the lowest reading since August and undershot market expectations of a 59.9 reading. The volatile index is now closer to the 50-threshold, indicating expansion in the manufacturing sector.

FocusEconomics Consensus Forecast panelists see flat growth in industrial production in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects industrial production growth of 1.6%, which is also unchanged from last month’s estimate.


Author:, Economist

Sample Report

Looking for forecasts related to PMI in Canada? Download a sample report now.

Download

Canada PMI Chart


Canada PMI November 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.


Canada Economic News

More news

Search form