Canada: PMI improves in November
December 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, increased a seasonally-adjusted 5.7 points, rising from October’s 51.2 points to 56.9 points in November. The reading overshot market expectations of an increase to 53.2 points and marked a two-month high. The volatile index now rests further above the 50-point threshold that indicates expansion in the manufacturing sector.FocusEconomics Consensus Forecast panelists see industrial production expanding 3.3% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel expects industrial production growth of 2.8%, which is unchanged from last month’s forecast.