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Canadian Ivey Purchasing Managers (CIPM) index

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AnalyticsTrade Team Last updated on 26 Apr 2023

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Canadian Ivey Purchasing Managers (CIPM) Index

The Canadian Ivey Purchasing Managers (CIPM) Index is an economic indicator that measures the performance of the Canadian manufacturing sector. It is based on a survey of purchasing managers in the manufacturing sector and provides an indication of the current state of the economy. The index is released monthly and is used by economists and investors to gauge the health of the manufacturing sector and the overall economy.

History of the CIPM Index

The CIPM Index was developed by the Ivey Business School at the University of Western Ontario in partnership with the Purchasing Management Association of Canada (PMAC). The index was first released in April of 2002 and has been released monthly since then. The index is based on a survey of purchasing managers in the manufacturing sector and provides an indication of the current state of the economy. The survey questions cover a range of topics including new orders, production, employment, inventories, prices, and supplier deliveries.

Comparison of CIPM Index to Other Indicators

Indicator CIPM Index GDP CPI
Frequency of Release Monthly Quarterly Monthly
Coverage Manufacturing Sector Overall Economy Overall Economy
Data Source Survey of Purchasing Managers Statistics Canada Statistics Canada

Summary

The Canadian Ivey Purchasing Managers (CIPM) Index is an economic indicator that measures the performance of the Canadian manufacturing sector. It is based on a survey of purchasing managers in the manufacturing sector and provides an indication of the current state of the economy. The index is released monthly and is used by economists and investors to gauge the health of the manufacturing sector and the overall economy. For more information about the CIPM Index, please visit the Ivey Business School website or the Purchasing Management Association of Canada website.

See Also

  • Gross Domestic Product (GDP)
  • Consumer Price Index (CPI)
  • Employment Cost Index (ECI)
  • Producer Price Index (PPI)
  • Retail Sales Index (RSI)
  • Business Confidence Index (BCI)
  • Housing Starts Index (HSI)
  • Manufacturing Shipments Index (MSI)
  • Manufacturing New Orders Index (MNOI)
  • Manufacturing Employment Index (MEI)

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