Canada PMI

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Canada: PMI rebounds in February

March 5, 2015

The Ivey Purchasing Managers’ Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, rose a seasonally-adjusted 4.3 points, from January’s 45.4 points to 49.7 points in February. The increase contrasted the 10.0-point decrease recorded in January. The print overshot the 48.5 points expected by the market. As a result, the volatile index is now closer to the 50-point threshold that indicates expansion in the manufacturing sector.

FocusEconomics Consensus Forecast panelists see industrial production expanding 3.3% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects industrial production growth of 2.8%.


Author:, Senior Economist

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Canada PMI Chart


Canada PMI February 2015

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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