| Actual | Previous | |
|---|---|---|
| Adjusted Index | 59.8 | 50.1 |
| Unadjusted Index | 61.6 | 50.0 |
Highlights
Canada's Ivey Purchasing Managers Index (PMI) rebounded to 59.8 in September from 50.1 in August, the highest level since June 2024, pointing to regained economic momemtum.
The survey shows 40.9 percent of purchasing managers reporting higher purchases in September, much higher than 29.4 percent the previous month, while 17.6 percent reported lower purchases.
The employment index recovered to 50.2 form 46.0 and the inventories index rose to 56.4 from 49.5. By contrast, the supplier deliveries index retreated further to 46.4 from 47.0 and the price index came down to 63.2 from 65.1, the lowest level since the beginning of this year.
The unadjusted PMI index rebounded to 61.6 from 50.0, the highest level since June 2024.
The survey shows 40.9 percent of purchasing managers reporting higher purchases in September, much higher than 29.4 percent the previous month, while 17.6 percent reported lower purchases.
The employment index recovered to 50.2 form 46.0 and the inventories index rose to 56.4 from 49.5. By contrast, the supplier deliveries index retreated further to 46.4 from 47.0 and the price index came down to 63.2 from 65.1, the lowest level since the beginning of this year.
The unadjusted PMI index rebounded to 61.6 from 50.0, the highest level since June 2024.
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.
