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Ivey PMI
  • CAN

Main Indicator: Ivey PMI

Most Recent Release

July
4th, 2008
Actual Forecast Previous Revised Form
69.9 62.2 62.5 N/A
"Ivey Purchasing Managers Index" for June
Latest Release from: Purchasing Management Association

Table of Past Data

10/411/612/61/42/63/64/45/66/57/4
Actual56.057.158.745.956.262.059.057.662.569.9
Forecast60.055.055.051.547.055.062.554.058.862.2
Previous58.556.057.158.745.956.262.059.057.662.5
Revised FromN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

Past Releases

June
5th, 2008
Actual Forecast Previous Revised Form
62.5 58.8 57.6 N/A
"Ivey Purchasing Managers Index" for May
Monthly Comment from: Purchasing Management Association of Canada

From the release:

The Ivey Purchasing Managers Index by the end of May, 2008 stood at 62.5. The corresponding figure for May 2007 was 62.7 and for May 2006 was 75.0.

The Employment index for May stood at 59.3, Inventories 55.2, Supplier Deliveries were 45.7 and Prices were 82.9.

The Ivey PMI 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?" A figure above 50 shows an increase while below 50 shows a decrease.

 

May
6th, 2008
Actual Forecast Previous Revised Form
57.6 54.0 59.0 N/A

"Ivey Purchasing Managers Index" for April
Monthly Comment from: Purchasing Management Association of Canada

The Canadian Dollar strengthened following its Ivey PMI index, which beat expectations, giving support to the health of the Canadian economy. The USD/CAD pair lurched 80 pips in the Loonie's favor, meeting support at 1.0050. Oil testing above the $120 per barrel level had been giving the Canadian currency underlying strenght earlier in the week. In the hours prior the report the pair had been consolidated near 1.01 and was actually strengthening in the greenback's favor before it plunged on the news. 

From the release:

The Ivey Purchasing Managers Index by the end of April, 2008 stood at 57.6. The corresponding figure for April 2007 was 60.9 and for April 2006 was 55.7. The Employment index for April stood at 54.3, Inventories 53.8, Supplier Deliveries were 42.9 and Prices were 80.7.

The Ivey PMI 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?" A figure above 50 shows an increase while below 50 shows a decrease.
April
4th, 2008
Actual Forecast Previous Revised Form
59.0 62.5 62.0 N/A

"Ivey Purchasing Managers Index" for March
Monthly Comment from: Purchasing Management Association of Canada

The Canadian Dollar gave back its earlier gains against the US Dollar after its Ivey PMI slowed to 59 in March. This surprised forecasts on the downside, and was 3 points of February's level. The Loonie had come close to parity after the release of US Nonfarm payroll data fell by more than expected. 

March
6th, 2008
Actual Forecast Previous Revised Form
62.0 55.0 56.2 N/A

"Ivey Purchasing Managers Index" for February
Monthly Comment from: Purchasing Management Association of Canada

The Ivey PMI showed that 62% of purchasing managers had higher amounts of purchases. Its a welcome sign for those watching Candian growth, as the indicator has recovered from its fall low in December, and is back above the 60 level. The USD/CAD pair fell in favor of the Canadian Dollar following the news. The pair had been trending higher after it set a session low at .9815. In earlier NY trading, the pair had set a high following weaker building permits out of Canada.

February
6th, 2008
Actual Forecast Previous Revised Form
56.2 47.0 45.9 N/A

"Ivey Purchasing Managers Index" for January.
Monthly Comment from: Purchasing Management Association of Canada

 

"The Ivey Purchasing Managers Index by the end of January, 2008 stood at 56.2.  The corresponding figure for January 2007  was 53.8 and for January 2006 was 54.1.

The Employment index for January stood at 52.8, Inventories were 50.7, Supplier Deliveries were 45.2 and Prices were 67.1.

The Ivey PMI 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?" A figure above 50 shows an increase while below 50 shows a decrease."

 

 

January
4th, 2008
Actual Forecast Previous Revised Form
45.9 51.5 58.7 N/A
For December.
Monthly Comment from Purchasing Management Association of Canada

December's Ivey PMI measure of 45.9, was a strong drop from its level in November. The Employment component fell from 62.2 to 48, inventories declined from 52.9 to 42.9, and deliveries were 4 points off November's 43.8. The prices component increased to 60.1 from November's 52.1.

The CAD fell 100 pips to the USD directly following the release. The USD/CAD pair reached above 1 in the 10 minutes following the release, before easing back down below parity.
December
6th, 2007
Actual Forecast Previous Revised Form
58.7 55.0 57.1 N/A
For November
Director of the Ivey PMI: Monthly Comment

A earlier leak reported a higher IVEY PMI (60.9), although the lower official number is still at the highest in 5 months during November. Employment index stood at 62.2, inventories at 52.9, Supply Deliveries at 52.9, and Prices at 52.1
November
6th, 2007
Actual Forecast Previous Revised Form
57.1 55.0 56.0 N/A
For October.
The Ivey PMI is compiled by the Purchasing Management Association of Canada and the Richard Ivey School of Business

The Ivey Purchasing Managers Index (PMI) rose to 57.1 in October. The survey measures purchases as indicated by a panel of 175 purchasing managers from across Canada including both manufacturing and non-manufacturing sectors.

The Employment Index: 61.2 (Oct), pr. 55.5 (Sept).
Inventories Index: 53.5 (Oct) pr. 50.7 (Sept).
Prices Index: 53.9 (Oct), pr. 54.9 (Sept).

A measure above 50 indicates an expansion, so all the sub-gauges saw increases, including prices even though September's increase to prices was smaller.
October
4th, 2007
Actual Forecast Previous Revised Form
56.0 60.0 58.5 N/A
Ivey PMI, an indicator used to gauge the performance of Canadian companies, fell in September. The number suggests that Canadian firms may be feeling the pressure from a strong rise in its currency. The USD/CAD reached parity last month for the first time in 31 years.

The USD/CAD pair had been moving up in NY trading, after falling overnight, but the US Factory Orders stopped the dollars advance.

USD/CAD Ivey PMI

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