Business Confidence in Canada decreased to 51.60 in February of 2013 from 58.90 in January of 2013. Business Confidence in Canada is reported by the Purchasing Management Association.
Historically, from 1999 until 2013, Canada Business Confidence averaged 57.40 reaching an all time high of 75 in May of 2006 and a record low of 36.10 in January of 2009.
The Ivey PMI measures month to month changes in dollars of purchases as indicated by a panel of purchasing managers that have been carefully selected geographically and by sector of activity to match the Canadian economy as a whole. The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel members indicate whether their organizations activity is higher than, the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.
A headline value above 50 indicates an increase in purchases from the previous month and a value below 50 indicates a decrease.
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