| Actual | Previous | |
|---|---|---|
| Adjusted Index | 57.5 | 53.9 |
| Unadjusted Index | 63.0 | 56.3 |
Highlights
The Ivey purchasing managers index points to broadly improved conditions in March.
The seasonally adjusted Ivey purchasing managers index is up to 57.5 in March after 53.9 in February and is the highest since 58.2 in March 2023. The employment index is up to 55.4 in March from 50.8 in February and the inventories index is up to 55.6 after 53.6. The delivery times index is up to 52.1 after 50.3 in February but remains within reach of the neutral mark with deliveries running neither too fast nor too slow. The prices index is down to 57.9 in March from 60.4 in February and is now softer for the third month in a row.
The unadjusted Ivey purchasing managers index is up to 63.0 in March after 56.3 in February and is the highest since 65.2 in March 2023. The employment index is up to 57.1 in March from 50.5 in February. The inventories index is up to 59.5 in March after 55.1 in the prior month. The deliveries index is down to 52.4 in March after 53.2 in February. The prices index is down to 60.2 in March after 63.5 in February and down for the second month in a row.
The seasonally adjusted Ivey purchasing managers index is up to 57.5 in March after 53.9 in February and is the highest since 58.2 in March 2023. The employment index is up to 55.4 in March from 50.8 in February and the inventories index is up to 55.6 after 53.6. The delivery times index is up to 52.1 after 50.3 in February but remains within reach of the neutral mark with deliveries running neither too fast nor too slow. The prices index is down to 57.9 in March from 60.4 in February and is now softer for the third month in a row.
The unadjusted Ivey purchasing managers index is up to 63.0 in March after 56.3 in February and is the highest since 65.2 in March 2023. The employment index is up to 57.1 in March from 50.5 in February. The inventories index is up to 59.5 in March after 55.1 in the prior month. The deliveries index is down to 52.4 in March after 53.2 in February. The prices index is down to 60.2 in March after 63.5 in February and down for the second month in a row.
Definition
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).
Description
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.
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.
