The S&P Global Canada Manufacturing PMI rose to 51 in January 2022 from 49.2 in the previous month. After five months below par, the manufacturing sector returned to growth, underpinned by gains in both production and new orders. On top of that, firms have hired additional workers at the fastest since last July. Meantime, input prices increased at their slowest pace for nearly two-and-a-half years, while output charges also grew at one of the slowest rates in the past two years. Finally, business confidence about the future remained positive but dropped to a three-month low. source: Markit Economics

Manufacturing PMI in Canada averaged 52.81 points from 2011 until 2023, reaching an all time high of 58.90 points in March of 2022 and a record low of 33.00 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Manufacturing PMI in Canada is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Manufacturing PMI is projected to trend around 55.00 points in 2024, according to our econometric models.

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Canada Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 51.00 49.20 points Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.00 49.20 58.90 33.00 2011 - 2023 points Monthly
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News Stream
Canadian Manufacturing Sector Returns to Growth in January
The S&P Global Canada Manufacturing PMI rose to 51 in January 2022 from 49.2 in the previous month. After five months below par, the manufacturing sector returned to growth, underpinned by gains in both production and new orders. On top of that, firms have hired additional workers at the fastest since last July. Meantime, input prices increased at their slowest pace for nearly two-and-a-half years, while output charges also grew at one of the slowest rates in the past two years. Finally, business confidence about the future remained positive but dropped to a three-month low.
2023-02-01
Canada Factory Activity Continues to Contract
The S&P Global Canada Manufacturing PMI dropped to 49.2 in December of 2022 from 49.6 in November, pointing to the fifth straight month of falling factory activity, amid further falls in output, new orders and purchasing activity. Inventories were drawn down as firms sought to realign stocks with current production requirements. Delivery delays continued, and again contributed to inflationary pressures which strengthened over the month. Both input and output price inflation continued to increase at an elevated rate, prompted by high transportation costs, and generally tight supply conditions. On the other hand, employment rose slightly linked in part to long-held vacancies at plants. Confidence in the future was little changed at a below-par level.
2023-01-03
Canada Manufacturing PMI Remains Inside Contraction Territory
The S&P Global Canada Manufacturing PMI rose to 49.6 in November of 2022, from 48.8 in September, marking the fourth straight month of contraction in manufacturing activity. Output and new orders continued to decline, although at a softer pace. At the same time, a net rise in employment was recorded for the first time in four months. On the price front, input costs rose at their slowest pace for two years while output price inflation also softened. Finally, manufacturers remained somewhat optimistic about their output levels in the year ahead.
2022-12-01