The Ivey Purchasing Managers Index (IPMI) numbers for April are out and show some steady gains.
The purchasing index for April stands at 58.7, up from 57.8 in March and 51.9 in February.
The corresponding figure for April 2009 was 53.7 and for April 2008 was 57.6.
The monthly benchmark—which is produced by the Richard Ivey School of Business and the Purchasing Management Association of Canada (PMAC)—tracks month-to-month changes in dollars spent by purchasers.
It is based on data provided by a panel of 175 procurement managers from across Canada.
On the index, a score above 50 indicates an increase, while a score below 50 shows a decrease.
With regards to the IPMI’s other areas, the prices index for April stood at 59.2, which means that prices were higher than the previous month.
The employment index for April was at 54, indicating that employment was higher than in March.
The inventories index for April stands at 50, showing that inventories were the same as the previous month.
As for the supplier deliveries index, for April results stood at 42.5, slower than the previous month.
The IPMI is not adjusted for seasonality or inflation and shows responses to one question: “Were your purchases last month in dollars higher, the same, or lower than the previous month?”