Canada PMI

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Canada: PMI rebounds in January

February 6, 2014

The Ivey Purchasing Managers Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, jumped a seasonally-adjusted 10.5 points to 56.8 points in January. As a result, the PMI has returned to a level above the 50-point threshold that indicates expansion in the manufacturing sector and has recovered from the over-6-year-low that was registered in December. The print came above the 51.0 points the marked had expected.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.0% in 2014, which is unchanged from last month's forecast. For 2015, the panel expects industrial production to grow to 2.1%.


Author:, Economist

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Canada PMI Chart


Canada PMI January 2014

Note: Ivey Purchasing Managers Index. A reading above 50 indicates an expansion in the manufacturing sector while a value below 50 points to a contraction.
Source: Richard Ivey School of Business and the Purchasing Management Association of Canada.


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