The IHS Markit Canada Manufacturing PMI fell to 52.6 in February 2019 from 53 in the previous month. The latest reading pointed to the weakest expansion in the factory sector since December 2016, as employment increased at the softest pace since the beginning of 2017 amid weaker demand and tight labour market conditions. Also, stocks of purchases dropped and accumulation of unfinished business continued albeit adverse weather conditions. Meanwhile, output rose modestly still stronger than the previous month and new orders rebounded as new export orders rose amid a strong demand from the US. On the price front, input cost inflation eased to its lowest since September 2016. Across regions, Ontario experienced the strongest improvement in business conditions, while Alberta & British Columbia recorded the softest upturn. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 52.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Canada to stand at 54.00 in 12 months time. In the long-term, the Canada Manufacturing PMI is projected to trend around 52.00 in 2020, according to our econometric models.

Canada Manufacturing PMI
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Canada Business Last Previous Highest Lowest Unit
Business Confidence 50.60 54.70 75.00 36.10 Index Points [+]
Manufacturing PMI 52.60 53.00 57.10 47.50 [+]
Industrial Production 4.20 2.10 10.26 -14.52 percent [+]
Industrial Production Mom 0.65 -0.87 3.33 -3.50 percent [+]
Manufacturing Production 3.32 2.44 11.77 -17.31 percent [+]
Capacity Utilization 81.70 82.80 87.30 72.70 percent [+]
New Orders 55999983.00 56982776.00 62768223.00 14816411.00 CAD THO [+]
Changes in Inventories 13422.00 6608.00 21415.00 -18847.00 CAD Million [+]
Bankruptcies 227.00 235.00 872.00 177.00 Companies [+]
Corporate Profits 83963.00 85053.00 85053.00 -758.00 CAD Million [+]
Car Registrations 111917.00 118185.00 220436.00 19807.00 Units [+]
Leading Economic Index -0.10 -0.10 1.20 -1.40 percent [+]
Internet Speed 16205.66 14855.09 16205.66 3293.95 KBps [+]
IP Addresses 15582991.00 15135509.00 15582991.00 8092964.00 IP [+]
Steel Production 1150.00 1150.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production 4.96 1.91 23.15 -16.41 percent [+]
Competitiveness Index 79.92 80.00 80.00 5.20 Points [+]
Competitiveness Rank 12.00 10.00 15.00 9.00 [+]
Corruption Index 81.00 82.00 92.00 81.00 Points [+]
Corruption Rank 9.00 8.00 14.00 5.00 [+]
Ease of Doing Business 22.00 18.00 22.00 8.00 [+]


Canada Manufacturing PMI

The IHS Markit Canada Manufacturing Purchasing Managers’ Index™ measures the performance of the manufacturing sector. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - Canada Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.60 53.00 57.10 47.50 2011 - 2019 Monthly
SA




Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 47.60 Mar/19
France 49.80 Mar/19
Germany 44.70 Mar/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 52.50 Mar/19


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