After five consecutive months of increases, the Ivey Purchasing Managers Index (IPMI) moderated in June.
The IPMI stood at 58.9 at the end of June, down from above 60 a month earlier. This followed standings of 58.7 in April, 57.8 in March and 51.9 in February.
The corresponding figure for June 2009 was 58.2 and for June 2008 was 69.6.
The monthly benchmark—which is produced by the Richard Ivey School of Business and the Purchasing Management Association of Canada (PMAC)—tracks month-to-month changes in dollars spent by purchasers.
It is based on data provided by a panel of 175 procurement managers from across Canada.
On the index, a score above 50 indicates an increase, while a score below 50 shows a decrease.
The IPMI is not adjusted for seasonality or inflation and shows responses to one question: “Were your purchases last month in dollars higher, the same, or lower than the previous month?”
Other areas
With regards to the IPMI’s other areas, the prices index for June stood at 58.3.
The employment index for June was at 53.6.
The inventories index for June stood at 53.9.
Finally, as for the supplier deliveries index, for April results stood at 43.5.
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