The Ivey Purchasing Managers Index (PMI) for Canada showed a significant decline in October, signaling a possible economic slowdown. The index fell to 51.7, a sharp decrease from September's strong performance of 61.6. This data, released on November 6, 2025, suggests a weakening in the economic activity since the previous month.
The Ivey PMI is a well-regarded indicator of economic trends, reflecting the purchasing activity of companies across Canada. A PMI above 50 indicates expansion, while a reading below that threshold signals contraction. Although October's figure remains marginally above the contraction point, the noticeable drop from September's level indicates a deceleration in growth momentum.
Economists and analysts are closely monitoring these fluctuations as they assess potential impacts on future monetary policy and business conditions in Canada. With global economic uncertainties continuing to loom, the latest PMI data serves as a reminder of the challenges facing the Canadian economy in the months ahead. The fall in the index might prompt businesses and policymakers to brace for a potentially rocky road to sustaining economic expansion.
