The Business Outlook Survey indicator in Canada rose to 2.87 in the first quarter of 2021 from 1.29 in the previous three-month period. It was the highest reading since the second quarter of 2018, signalling further improvement in business sentiment. Firms reported less uncertainty related to the COVID-19 pandemic and strengthening demand from weak levels a year ago. Nearly two-thirds of firms indicated their sales have reached or exceeded pre-pandemic levels, an increase from the winter survey and a sign that the recovery is broadening further. Half of businesses reported that the second wave of containment measures and lockdowns had a smaller or no adverse impact on their sales compared with the first wave, largely because they themselves and their customers have adapted to the evolving crisis. Still, the recovery remains uneven, with firms tied to high-contact services facing ongoing challenges. source: Bank of Canada
Business Climate Indicator in Canada averaged 0 points from 2003 until 2021, reaching an all time high of 2.97 points in the second quarter of 2018 and a record low of -8.23 points in the fourth quarter of 2008. This page provides - Canada Business Outlook Survey Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Business Outlook Survey Indicator - values, historical data and charts - was last updated on May of 2021.