Jointly sponsored by the Purchasing Management Association of Canada (PMAC)—now integrated into the Supply Chain Management Association (SCMA)—and the Richard Ivey School of Business at Western University, Ontario, the index serves as a key measure of economic activity in Canada.
This format aligns the IPMI with other globally recognized PMIs, including the ISM Manufacturing PMI in the United States, making it an effective tool for anticipating economic trends.
The IPMI’s methodology includes seasonal adjustments to minimize the impact of regular economic cycles, providing a clearer view of actual changes in purchasing activity.
These adjustments enhance its reliability as an economic barometer, sensitive to changes in supply chain dynamics and market demand shifts.
The Ivey PMI is published monthly, with additional special reports issued during significant economic fluctuations, such as recessions or rapid expansions.