The S&P Global Canada Manufacturing PMI fell to 48.7 in August of 2022, down from 52.5 in July, thus indicating a deterioration in manufacturing performance. The latest fall was only modest but ended a 25-month sequence of growth. The deterioration in performance reflected sharp and accelerated contractions in output and new orders and the first fall in employment in over two years. At the same time, renewed declines were recorded in buying activity, backlogs and pre-production inventories. Subsequently, optimism towards output in the year ahead moderated with concerns over the macroeconomy weighing slightly on sentiment. There were, however, positive signs on the price front where output and input price inflation eased to 18- and 19-month lows, respectively. Nevertheless, rates of inflation in both cases were above trend. source: Markit Economics

Manufacturing PMI in Canada averaged 52.93 points from 2011 until 2022, reaching an all time high of 58.90 points in March of 2022 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 September of 2022.

Manufacturing PMI in Canada is expected to be 49.00 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 2023 and 55.00 points in 2024, according to our econometric models.

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Canada Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.70 52.50 points Aug 2022

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
48.70 52.50 58.90 33.00 2011 - 2022 points Monthly
SA

News Stream
Canada Manufacturing Shrinks for 1st Time in Over 2 Years
The S&P Global Canada Manufacturing PMI fell to 48.7 in August of 2022, down from 52.5 in July, thus indicating a deterioration in manufacturing performance. The latest fall was only modest but ended a 25-month sequence of growth. The deterioration in performance reflected sharp and accelerated contractions in output and new orders and the first fall in employment in over two years. At the same time, renewed declines were recorded in buying activity, backlogs and pre-production inventories. Subsequently, optimism towards output in the year ahead moderated with concerns over the macroeconomy weighing slightly on sentiment. There were, however, positive signs on the price front where output and input price inflation eased to 18- and 19-month lows, respectively. Nevertheless, rates of inflation in both cases were above trend.
2022-09-01
Canada Factory Activity Growth at 2-Year Low
The S&P Global Canada Manufacturing PMI fell to 52.5 in July of 2022 from 54.6 in the previous month, marking the slowest growth rate in the sector since June of 2020. The latest survey pointed to renewed declines in manufacturing output and new orders, with both gauges contracting for the first time in 25 months. Also, slower growth was recorded for purchasing activity, while export sales fell for the second consecutive period. Due to the downturn in business activity, employment grew at the slowest pace in one year and a half. On the price front, input price inflation eased to its lowest in five months, but remained well above the series long term average due to more expensive fuel, transportation, food, and labor. Looking forward, manufacturers were optimistic regarding production in the year ahead, citing hopes of greater demand and new products.
2022-08-02
Canada Factory Activity Growth Hits 17-Month Low
The S&P Global Canada Manufacturing PMI fell to 54.6 in June of 2022 from 56.8 in the previous month. The latest reading pointed to the 24th straight month of expansion in factory activity but at the slowest pace since January of 2021. Output expanded at the softest pace for two years, while new orders rose only moderately, amid persistent inflationary pressures and material shortages. Also, slower growth was recorded for employment and purchasing activity, while exports fell for the first time in four months. On the price front, input price inflation was marked, and among the quickest in the series history, as prices accelerated for a range of goods and services including metal, fuel, energy, resin and transportation. Lastly, business sentiment dipped to a 17-month low, on concerns about the global economy and the lingering implications of COVID-19.
2022-07-04