Monthly Comment from Professor P. Fraser Johnson
Director of the Ivey Purchasing Managers Index
The Ivey Purchasing Managers Index (seasonally adjusted) by the end of August 2015 stood at 58.0. The corresponding figure for August 2014 was 50.9 and for August 2013 was 51.0.
The Employment index (seasonally adjusted) for August stood at 56.3. Inventories (seasonally adjusted) 42.4, Supplier Deliveries (seasonally adjusted) were 48.2 and Prices were 66.3.
The Ivey PMI unadjusted data for the month of August is 55.6, Employment 57.3, Inventories 41.5, Supplier Deliveries 48.3 and Prices 65.6.
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.
Please check the website http://iveypmi.uwo.ca for more information.
