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.