Canada PMI March 2017

Canada

Canada: PMI jumps to 14-month high in March

April 7, 2017

The Ivey Purchasing Managers Index (PMI), prepared by the Richard Ivey School of Business, increased by a seasonally-adjusted 6.1 points from a month earlier to arrive at 61.1 in March. The reading was the highest in more than a year and came in ahead of market expectations of a moderate 1.0 point increase. The index has been generally climbing away from the 50-point threshold that distinguishes expansion in the manufacturing sector for the past several months.

FocusEconomics Consensus Forecast panelists expect 2.3% growth in industrial production in 2017, which is up 0.3 percentage points from last month’s forecast. For 2018, the panel expects industrial production growth of 1.9%.


Author:, Economist

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Canada PMI March 2017

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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