The IHS Markit Canada Manufacturing PMI edged down to 56.5 in June of 2021 from 57 in the previous month. The latest reading pointed to the 12th straight month of expansion in the country's factory activity but the softest in four months. Canadian firms noted stronger demand, domestically and internationally, which supported solid production and hiring levels, although both were seen expanding at the slowest pace since February. On the price front, inflationary pressures remained high on raw material shortages, which fueled the steepest increase in input prices in almost three years. Costs were largely passed onto clients, however the inflation rate seen in output charges softened from May’s historic high. Business morale improved markedly to a 3-month high in June, underpinned by hopes of greater client demand and plans to expand business operations. source: Markit Economics

Manufacturing PMI in Canada averaged 52.59 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 July of 2021.

Manufacturing PMI in Canada is expected to be 56.00 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 51.00 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
56.50 57.00 58.50 33.00 2011 - 2021 points Monthly
SA


News Stream
Canada Factory Activity Eases in June
The IHS Markit Canada Manufacturing PMI edged down to 56.5 in June of 2021 from 57 in the previous month. The latest reading pointed to the 12th straight month of expansion in the country's factory activity but the softest in four months. Canadian firms noted stronger demand, domestically and internationally, which supported solid production and hiring levels, although both were seen expanding at the slowest pace since February. On the price front, inflationary pressures remained high on raw material shortages, which fueled the steepest increase in input prices in almost three years. Costs were largely passed onto clients, however the inflation rate seen in output charges softened from May’s historic high. Business morale improved markedly to a 3-month high in June, underpinned by hopes of greater client demand and plans to expand business operations.
2021-07-02
Canada Factory Activity Growth Remains Strong
The IHS Markit Canada Manufacturing PMI dropped to 57 in May of 2021 from 57.2 in the previous month. Still, the latest reading pointed to the 11th straight month of expansion in the country's factory activity and the fifth-strongest growth since available records began in October 2010. Solid growth in new orders, output and employment was maintained. Meanwhile, backlogs of work accumulated for the tenth straight month, reflecting insufficient staff as well as material shortages and shipment delays. On the price front, inflationary pressures intensified.
2021-06-01
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 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.