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 July 2015 stood at 52.9. The corresponding figure for July 2014 was 54.1 and for July 2013 was 48.4.
The Employment index (seasonally adjusted) for July stood at 49.1. Inventories (seasonally adjusted) 41.2, Supplier Deliveries (seasonally adjusted) were 47.6 and Prices were 61.7.
The Ivey PMI unadjusted data for the month of July is 50.0, Employment 49.3, Inventories 41.1, Supplier Deliveries 48.4 and Prices 59.4.
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.