The seasonally adjusted Ivey purchasing managers index is up to 53.5 in August after dipping to 48.6 in July. The employment index is little changed at 54,8 in August after 54.2 in July. The inventories index continues to hover around the neutral 50-mark for the fifth straight month and is up to 51.3 in August after 49.8 in July. The deliveries index is back up to the low 50's at 52.7 in August after briefly declining to 47.9 in July. The prices index reflects higher energy costs and is up to 66.7 in August after rising to 65.1 in July. The August prices index it at its highest since 67.5 in December 2022.

The unadjusted Ivey purchasing managers index is up to 56.8 in August after 45.2 in July, and is the highest since 60.1 in May. The August employment index is up to 57.9 from 55.4 in July. The inventories index remained around neutral at 50.9 in August after 51.2 in July. The deliveries index sped up to 55.2 in August, reversing nearly all the decline to 47.8 in July. The prices index is down to 61.9 in August from 63.3 in July and remains consistent with moderate upward price pressures.

The Ivey purchasing Managers' Index (PMI) measures purchasing activity as indicated by a panel of purchasing managers selected geographically and by sector of activity to match the Canadian economy as a whole. The PMI includes both the public and private sectors and is based on month-end data. Five categories are covered in the survey: purchases, employment, inventories, supplier deliveries and prices. Results are synthesised into a single index which can range between zero and 100. A reading above (below) 50 signals rising (falling) activity versus the previous month and the closer to 100 (zero) the faster is activity growing (contracting).

The Ivey PMI is provided in two formats -- unadjusted and seasonally adjusted. The index shows responses to one question:"Were your purchases last month in dollars higher, the same, or lower than the previous month?" A figure above 50 shows an increase while below 50 shows a decrease.

The index measures the month to month variation in economic activity as indicated by a panel of purchasing managers. The index uses end of the month data and it covers all sections of Canada's economy. The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel members indicate whether their organizations activity is higher than, the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.