The IHS Markit Canada Manufacturing PMI fell to 57.2 in April of 2021 from a record high of 58.5 in the previous month. Still, the latest reading pointed to the 10th straight month of expansion in the country's factory activity and the third-strongest growth since available records began in October 2010. New orders, output and employment continued to rise solidly, though the pace of growth eased slightly from March's recent peak. Meantime, delays in supplier deliveries and backlogs rose markedly amid material shortages. On the price front, input price inflation reached a 32-month high, as raw material scarcity and supply-chain disruption continued to exert upward pressure on firms’ costs burdens. As a result, output charge inflation climbed to a survey peak. Finally, positive sentiment regarding production over the next 12 months eased to broadly in line with it’s long-run average, as some firms were concerned about the longer-term effects of COVID-19. source: Markit Economics

Manufacturing PMI in Canada averaged 52.52 points from 2011 until 2021, reaching an all time high of 58.50 points in March of 2021 and a record low of 33 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 May of 2021.

Manufacturing PMI in Canada is expected to be 58.00 points 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 53.00 in 12 months time. In the long-term, the Canada Manufacturing PMI is projected to trend around 53.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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Canada Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.20 58.50 58.50 33.00 2011 - 2021 points Monthly
SA


News Stream
Canada Factory Growth Holds Near Record High
The IHS Markit Canada Manufacturing PMI fell to 57.2 in April of 2021 from a record high of 58.5 in the previous month. Still, the latest reading pointed to the 10th straight month of expansion in the country's factory activity and the third-strongest growth since available records began in October 2010. New orders, output and employment continued to rise solidly, though the pace of growth eased slightly from March's recent peak. Meantime, delays in supplier deliveries and backlogs rose markedly amid material shortages. On the price front, input price inflation reached a 32-month high, as raw material scarcity and supply-chain disruption continued to exert upward pressure on firms’ costs burdens. As a result, output charge inflation climbed to a survey peak. Finally, positive sentiment regarding production over the next 12 months eased to broadly in line with it’s long-run average, as some firms were concerned about the longer-term effects of COVID-19.
2021-05-03
Canada Factory Sector Expands at Record Pace
The IHS Markit Canada Manufacturing PMI rose to 58.5 in March of 2021 from 54.8 in the previous month. The latest reading pointed to the 9th straight month of expansion in the country's factory activity and at the fastest pace in the survey's history. New orders, output, employment and purchases posted solid rises amid the easing of some Covid-19 restrictions. Meanwhile, pandemic-related disruptions remained evident with suppliers’ delivery times lengthening to the greatest extent since April 2020. In addition, the rate of input inflation was the steepest since August of 2018, amid robust demand for raw materials, in particular steel and lumber. Finally, sentiment regarding production over the next 12 months was the strongest since May of 2019, amid expectations on a return to normality following vaccination rollouts alongside stronger economic conditions.
2021-04-01
Canada Factory Growth Quickens in February
The IHS Markit Canada Manufacturing PMI rose to 54.8 in February of 2021 from 54.4 in the previous month. The latest reading pointed to the 8th straight month of expansion in the country's factory activity and at a stronger pace. Solid increases were seen in new orders, output, employment and purchasing activity. However, intense supply chain pressures persisted, with delivery times lengthening markedly, as ongoing coronavirus restrictions had often led to material shortages and transportation delays. On the price front, the rate of input price inflation accelerated amid reports of higher material, mainly metals, and transportation costs. Meantime, the rate of output price inflation also quickened. Finally, sentiment regarding production over the next 12 months remained upbeat, with the degree of optimism reaching a five-month high, amid hopes of the complete easing of virus-related restrictions following a largely successful vaccine rollout programme.
2021-03-01
Canada Factory Growth Slows to 6-Month Low
The IHS Markit Canada Manufacturing PMI fell to 54.4 in January of 2021, down sharply from 57.9 in December. The latest reading pointed to the seventh consecutive month of expansion in manufacturing activity although at the softest pace since July. Output, new orders and employment increased at weaker rates amid ongoing coronavirus restrictions. At the same time, manufacturing firms continued to boost their purchasing activity with input buying increasing modestly. Still, border restrictions and port congestion led to longer input delivery times and a rise in backlogs. On the price front, input cost inflation remained sharp with manufacturers reporting higher prices for aluminium, steel, and transportation. As a result, output charges were also lifted amid efforts to protect profit margins. Looking ahead, firms remained optimistic that output in the year ahead will improve, although the longer-term impact of COVID-19 weighed slightly on the degree of optimism.
2021-02-01

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.