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 April 2015 stood at 58.2. The corresponding figure for April 2014 was 54.1 and for April 2013 was 52.2.
The Employment index (seasonally adjusted) for April stood at 50.3. Inventories (seasonally adjusted) 53.2, Supplier Deliveries (seasonally adjusted) were 46.2 and Prices were 57.8.
The Ivey PMI unadjusted data for the month of April is 55.7, Employment 51.7, Inventories 56.7, Supplier Deliveries 49.1 and Prices 60.3.
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.
