Canada PMI

Canada

Canada: PMI shoots up to a seven-month high in March

April 5, 2013

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 10.5 points to 61.6 points in March, the highest level seen in seven months. The improvement exceeded market expectations that had the PMI rising only to 52.5 points.

As a result of the monthly improvement, the PMI is now further above the 50-point threshold, which indicates that the manufacturing sector is expanding. However, at the current level, the PMI index is 1.9 points below the level observed in the same month last year.

FocusEconomics Consensus Forecast panellists see industrial production expanding 1.4% in 2013, which is up 0.3 percentage points from last month's forecast. For 2014, the panel sees industrial production growing 2.6%.


Author:,

Sample Report

Looking for forecasts related to PMI in Canada? Download a sample report now.

Download

Canada PMI Chart


Canada PMI March 2013

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.


Canada Economic News

More news

Search form