Canada: PMI inches up in September
October 4, 2013
The Ivey Purchasing Managers Index (PMI), which is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, inched up a seasonally-adjusted 0.9 points to 51.9 points in August. The figure undershot market expectations of a rise to 53.6 points, but remains above the 50-point threshold that indicates expansion in the manufacturing sector.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.0% in 2013, which is down 0.5 percentage points from last month's forecast. For 2014, the panel expects industrial production to grow to 2.1%, which is down 0.2 percentage points from last month's estimate.
Author: Carl Kelly, Economist