The S&P Global Canada Manufacturing PMI rose to 51 in January 2022 from 49.2 in the previous month. After five months below par, the manufacturing sector returned to growth, underpinned by gains in both production and new orders. On top of that, firms have hired additional workers at the fastest since last July. Meantime, input prices increased at their slowest pace for nearly two-and-a-half years, while output charges also grew at one of the slowest rates in the past two years. Finally, business confidence about the future remained positive but dropped to a three-month low. source: Markit Economics
Manufacturing PMI in Canada averaged 52.81 points from 2011 until 2023, reaching an all time high of 58.90 points in March of 2022 and a record low of 33.00 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 February of 2023.
Manufacturing PMI in Canada is expected to be 46.00 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 55.00 points in 2024, according to our econometric models.