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.