The IHS Markit Canada Manufacturing PMI came in at 57 in September of 2021, little changed from 57.2 in the prior month. The latest reading extended the period of growth to 15 successive months, with the latest expansion among the sharpest in the 11-year history of the survey. Output, new orders and employment growth rates softened but remained historically elevated, despite a rise in COVID cases. Meanwhile, global supply shocks persisted, leading to lengthier delivery times and a subsequent joint-record increase in backlogs. As a result, firms raised their stocks of purchases at the joint-fastest rate in the survey to date. On the price front, higher costs for steel, oil and transportation underpinned record rates of input and output price inflation. Lastly, business sentiment improved to the highest since May 2019, supported by forecasts of an improvement in economic conditions and wider material availability. source: Markit Economics
Manufacturing PMI in Canada averaged 52.69 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 October of 2021.
Manufacturing PMI in Canada is expected to be 55.00 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 53.00 points in 2022 and 52.00 points in 2023, according to our econometric models.