The Ivey Purchasing Managers Index (PMI) is an economic index which measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada, and is prepared by the Richard Ivey School of Business. The PMI is provided in two formats: unadjusted and seasonally adjusted. It shows responses to one question: ""Were your purchases last month in dollars higher, the same, or lower than the previous month?"" A figure above 50 shows an increase while below 50 shows a decrease. The Ivey Purchasing Managers Index is often referred to as the Purchasing Managers Index, or PMI and is sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada (PMAC). The PMI includes both the public and private sectors and is based on month end data Ivey PMI panel 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.
Measures the outstanding debt held by consumers. Consumer Credit levels coincide with the economy, rising during economic expansion and dropping during a recession. Growth in Consumer Credit means that consumers have higher spending ability, which can fuel economic growth. However, too much Consumer Debt can result in an economic slowdown in the long term if consumers become overburdened with debt, then either reducing consumption or passing debt on to the financers after bankruptcy. The headline value is the outstanding debt held by consumers.