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 December 2020 stood at 46.7. The corresponding figure for December 2019 was 51.9 and for December 2018 was 59.7.
The Employment index (seasonally adjusted) for December 2020 stood at 45.8; Inventories (seasonally adjusted) 43.8; Supplier Deliveries (seasonally adjusted) were 30.1; and Prices were 66.9.
The Ivey PMI unadjusted data for the month of December 2020 is 53.9; Employment 49.4; Inventories 50.0; Supplier Deliveries 33.1; and Prices 69.7.
The Ivey Purchasing Managers Index (seasonally adjusted) by the end of November 2020 stood at 52.7. The corresponding figure for November 2019 was 60.0 and for November 2018 was 57.2. The Employment index (seasonally adjusted) for November 2020 stood at 48.1; Inventories (seasonally adjusted) 49.3; Supplier Deliveries (seasonally adjusted) were 34.3; and Prices were 66.1.
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.
