Ivey PM 59.7 vs 57.2 last month. Higher on the month

The Ivey PMI for the month of December came in higher than the prior month (was 57.2) and expectations of 58.1. The index rose to 59.7.

The unadjusted index came in at 48.2 in December.

  • three-month average 59.6 versus 56.5 November
  • employment 54.0 versus 54 1
  • inventory 52.5 versus 55.0
  • supplier deliveries 43.8 versus 40.8
  • price is 64.6 versus 63.7

The indexes are calculated by subtracting the percentage of participants responding down from those responding up. The survey consists of 175 participants.

The data can tend to be quite volatile and has lost a lot of its impact in recent years.