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.