Index tracks month-to-month variation in economic activity
LONDON, ON: The seasonally adjusted Ivey Purchasing Managers Index increased by the end of December to 63.5, up from 58.9 earlier in the month. The number for December 2009 was 57.6.
The Ivey Purchasing Managers Index (PMI) is an economic index measuring the month-to-month variation in economic activity as indicated by a panel of purchasing managers from across Canada, and is prepared by the Richard Ivey School of Business. Using end-of-the-month data, it covers all sections of Canada’s economy.
The employment index (seasonally adjusted) for December stood at 60, inventories (seasonally adjusted) at 62.5, supplier deliveries (seasonally adjusted) were 46.4 and prices (seasonally adjusted) were 67.7. The Ivey PMI unadjusted data for December is 53.6, employment 54.8, inventories 57.7, supplier deliveries 43.8 and prices 62.6
The Ivey Purchasing Managers Index shows responses to one question: “were your purchases last month in dollars higher, the same, or lower than the previous month?” A figure above 50 shows an increase while below 50 shows a decrease.