The Ivey Purchasing Managers Index (Ivey PMI) measures month-to-month variation in economic activity as indicated by a panel of purchasing managers from across Canada and is prepared by the Ivey Business School at Western University. It is the most widely watched and utilized indicator of future economic activity in Canada and is closely monitored by supply chain management professionals, economists, analysts, government, and business leaders. Monthly Ivey PMI data is widely reported by all major media outlets.
The Ivey PMI includes both the public and private sectors and is based on month end data. Ivey PMI panel members indicate whether 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 difference between the higher and lower percentages, either positive or negative, is divided by two. The resulting number is added to or subtracted from 50 to give the monthly index number. A reading above 50 shows an increase while an index below 50 indicates a decrease. A figure above 50 shows an increase while below 50 shows a decrease.
Members of the Ivey PMI panel have been carefully selected by location and industry sector to match the Canadian economy as a whole. The most recent 24 months of data are available on the Ivey PMI website, which provides both seasonally adjusted and unadjusted data (http://iveypmi.uwo.ca).
Professor Fraser Johnson
Fraser Johnson is the Leenders Supply Chain Management Association Chair at the Ivey Business School, Western University, where he teaches courses in supply chain management and operations management. Professor Johnson is also the Director of the Ivey Purchasing Managers Index, one of the most widely watched and utilized indicators of future economic activity in Canada.
Professor Johnson is an active researcher in the area of supply chain management and he has authored articles that have been published in a wide variety of journals. He has also written more than 100 cases and technical notes in the areas of operations and supply chain management, including several bestselling cases. His textbook, Purchasing and Supply Management, published by McGraw-Hill Irwin, is now in its seventeenth edition.
Professor Johnson’s perspective on a wide range of topics related to supply chain management have been covered by several news organizations. His insights have been featured in various media outlets, including The Wall Street Journal, CBC News, Global News, CTV, Toronto Star, The Globe and Mail, National Post, CBC Radio, The Daily Mail, and U.S. Public Radio Marketplace.