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Welcome to ITA news and our weekly market event update.
The big market event this week will be The Ivey Purchasing Managers Index.
The Ivey Purchasing Managers Index is an economic index which measures the month to month variation
in economic activity as indicated by a panel of purchasing managers from all over Canada;
this report is prepared by the Richard Ivey School of Business at Western University,
located in Ontario, Canada.
This index is provided in two variations, unadjusted and seasonally adjusted.
It shows Canadian purchasing managers responses to one question: "Were your purchases last
month in dollars higher, the same, or lower than the previous month?", while a figure
above 50 shows an increase, below 50 shows a decrease.
So how can this information help you? The Ivey PMI measures month to month changes
in dollars of purchases as indicated by a panel of purchasing managers who 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 purchasing managers panel members. These 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. The last Ivey index released late January
2014 stood at 56.8. This was an improved figure compared to December 2013 at 46.3.
For comparison in January 2013 the index figure was 58.9 and for January 2012 it was 64.1.
Thanks for joining us for the market event of the week, check out our terms of the day,
every day here on our channel and stay tuned for more market event updates weekly.