The Ivey PMI for Canada rose to 39.1 in May 2020 from an all-time low of 22.8 in the previous month. Still, it was one of the lowest reading on record, amid the coronavirus crisis. Employment (41.9 vs 22.9 in April), inventories (46.8 vs 34.5) and supplier deliveries (37.7 vs 18.2) increased. Meantime, price pressures strengthened (54.9 vs 51.2).

Business Confidence in Canada averaged 56.63 points from 1999 until 2020, 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 July of 2020. source: Richard Ivey School of Business

Business Confidence in Canada is expected to be 30.00 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 50.00 in 12 months time. In the long-term, the Canada Business Confidence is projected to trend around 52.50 points in 2021 and 55.00 points in 2022, according to our econometric models.

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Canada Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
39.10 22.80 75.00 22.80 1999 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 03:00 PM Feb 54.1 57.3 53.6 56
2020-04-07 02:00 PM Mar 26 54.1 41 43
2020-05-07 02:00 PM Apr 22.8 26 25 20
2020-06-05 02:00 PM May 39.1 22.8 25
2020-07-07 02:00 PM Jun 39.1 43
2020-08-07 02:00 PM Jul
2020-09-04 02:00 PM Aug
2020-10-07 02:00 PM Sep 45


News Stream
Canada Business Sentiment Remains Weak in May
The Ivey PMI for Canada rose to 39.1 in May 2020 from an all-time low of 22.8 in the previous month. Still, it was one of the lowest reading on record, amid the coronavirus crisis. Employment (41.9 vs 22.9 in April), inventories (46.8 vs 34.5) and supplier deliveries (37.7 vs 18.2) increased. Meantime, price pressures strengthened (54.9 vs 51.2).
2020-06-05
Canada Business Morale Falls to Record Low
The Ivey PMI for Canada declined to 22.8 in April 2020 from 26 in the previous month and below market expectations of 25. It was the lowest reading on record, amid the coronavirus crisis. Employment (22.9 vs 26.8 in March) dropped while inventories (34.5 vs 33.6) and supplier deliveries (18.2 vs 17.1) rose. Meantime, price pressures weakened (51.2 vs 57.3).
2020-05-07
Canada Business Sentiment Falls to Record Low
The Ivey PMI for Canada dropped to 26 in March 2020 from 54.1 in the previous month and below market expectations of 41. It was the lowest reading on record, as supplier deliveries (17.1 vs 41.8 in February), inventories (33.6 vs 53.3) and employment (26.8 vs 54.7) declined. Meanwhile, prices increased (57.3 vs 56.6).
2020-04-07
Canada Business Sentiment Deteriorates in February
The Ivey PMI for Canada declined to 54.1 in February 2020 from 57.3 in the previous month and below market expectations of 53.6. Supplier deliveries (41.8 vs 52.7) and prices (56.6 vs 60.7) decreased, while inventories (53.3 vs 50.4) and employment (54.7 vs 51.3) rose.
2020-03-06

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.