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 October 2016 stood at 59.7. The corresponding figure for October 2015 was 53.1 and for October 2014 was 51.2.
The Employment index (seasonally adjusted) for October stood at 57.3. Inventories (seasonally adjusted) 53.5; Supplier Deliveries (seasonally adjusted) were 49.2; and Prices were 61.5.
The Ivey PMI unadjusted data for the month of October is 56.5; Employment 56.6; Inventories 54.8; Supplier Deliveries 50.0; and Prices 59.0.
The Ivey Purchasing Managers Index (seasonally adjusted) by the end of September 2016 stood at 58.4. The Employment index (seasonally adjusted) for September stood at 54.0. Inventories (seasonally adjusted) 46.7; Supplier Deliveries (seasonally adjusted) were 51.7; and Prices were 56.8.
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.
