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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Ivey PMI s.a climbed to 56.6 in February 2026
FMPMonthlyReleased March 2026
Canada Ivey PMI s.a climbed to 56.6 in February 2026, released March 2026, up 5.7 from January's 50.9 reading. The print exceeded the 50.5 consensus by 6.1. The print is running well above the 12-month average of 51.72. Over the past 3 months, Ivey PMI s.a averaged 51.4, vs 54.1 in the prior 3-month window. The reading is in the 76th percentile of the trailing 24-month range.
Latest Release
56.6
Actual
50.5
Consensus
50.9
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| CAD/JPY | ▲ Direct | +0.82 | FOREX | Moves with | → View |
| AUD/CAD | ▼ Inverse | −0.76 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.73 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Ivey PMI s.a (Canada) was reported at 56.60 in March 2026. This beat the market consensus of 50.50 by 6.10. The reading rose from the previous value of 50.90. Trailing 12-month context per ETL data through March 2026. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 53.13, up from the prior three at 52.77. In March readings over the past 3 years, Ivey PMI s.a has averaged 55.27.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with CAD/JPY (Bullish CAD). A secondary relationship exists with AUD/CAD, negatively correlated (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 4.54.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Sep 14) and Inflation Rate YoY (Sep 14).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Ivey PMI s.a - CA
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About Ivey PMI s.a — Canada
DEFINITION
The Ivey Purchasing Managers' Index (PMI) s.a is a widely recognized financial indicator that measures the economic health of the Canadian manufacturing sector. It is based on a survey of purchasing managers from various industries, providing valuable insights into business conditions, production levels, and employment trends. The seasonally adjusted (s.a) version of the index helps to eliminate the effects of seasonal variations, providing a more accurate representation of the sector's performance. The Ivey PMI s.a is a key tool for investors, policymakers, and businesses to gauge the overall strength of the Canadian economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 56.6, consensus 50.5. Prior reading (Jan 2026): 50.9. Before that (Dec 2025): 51.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with CAD/JPY (Bullish CAD, r=0.82) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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