The Ivey Purchasing Manager's Index in Canada rebounded to 60 in February of 2021 from 48.4 in the previous month, pointing to the strongest expansion in economic activity in 6 months. Employment also recovered (54 vs 41.5), inventories increased faster (57.8 vs 56.7) and price pressures eased slightly (80.2 vs 82.8). source: Richard Ivey School of Business

Business Confidence in Canada averaged 56.64 points from 1999 until 2021, reaching an all time high of 75 points in May of 2006 and a record low of 22.80 points in April of 2020. This page provides the latest reported value for - Canada Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Business Confidence in Canada is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Canada to stand at 57.70 in 12 months time. In the long-term, the Canada Business Confidence is projected to trend around 58.00 points in 2022, according to our econometric models.

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Canada Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
60.00 48.40 75.00 22.80 1999 - 2021 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-12-07 03:00 PM Nov 52.7 54.5 54.7 54
2021-01-07 03:00 PM Dec 46.7 52.7 53.2
2021-02-05 03:00 PM Jan 48.4 46.7 47
2021-03-05 03:00 PM Feb 60 48.4 49
2021-04-07 02:00 PM Mar 60
2021-05-07 02:00 PM Apr
2021-06-04 02:00 PM May
2021-07-07 02:00 PM Jun

News Stream
Canada Ivey PMI Remains in Contraction Territory
The Ivey Purchasing Manager's Index in Canada rose to 48.4 in January 2021 from 46.7 in the previous month, but still pointed to the contraction in the economic activity. Employment shrank at the fastest pace since April (41.5 vs 45.8 in December), while deliveries were slower than the previous month (34.7 vs 30.1). Meanwhile, inventories increased sharply (56.7 vs 43.8) and prices jumped (82.8 vs 66.9).
Canada Business Morale at 7-Month Low
The Ivey PMI for Canada fell to 46.7 in December of 2020 from 52.7 in the previous month. It was the lowest reading since May, pointing to a contraction in activity as rising COVID-19 cases prompted some provinces to announce new COVID-19 restrictions. Decreases were observed in employment (45.8 vs 48.1 in November), inventories (43.8 vs 49.3) and supplier deliveries (30.1 vs 34.3). Meantime, price pressures increased slightly (66.9 vs 66.1).
Canada Business Morale Worsens in November
The Ivey PMI for Canada fell to 52.7 in November of 2020 from 54.5 in the previous month and missing market expectations of 54.7. It was the lowest reading since May, amid the ongoing tightening of some COVID-19 restrictions to curb a second wave of infections. Employment (48.1 vs 56.1 in October) and supplier deliveries (34.3 vs 44.8) decreased, while inventories rose (49.3 vs 45.5). Meantime, price pressures intensified (66.1 vs 63).
Canada Business Morale Improves in October
The Ivey PMI for Canada increased to 54.5 in October of 2020 from 54.3 in the previous month and beating market expectations of 51.5. Employment (56.1 vs 53.8 in September), inventories (45.5 vs 44.1) and supplier deliveries (44.8 vs 40.7) rose. Meantime, price pressures strengthened (63 vs 60.3).

Canada Business Confidence
The Ivey Purchasing Managers Index (PMI) is an economic index which measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada, and is prepared by the Ivey Business School at Western University. 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.A headline value above 50 indicates an increase in purchases from the previous month and a value below 50 indicates a decrease.