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.

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Canada Manufacturing PMI


News Stream
Canada Factory Activity Growth Remains Strong
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.
2021-10-01
Canada Factory Activity Growth at 4-Month High
The IHS Markit Canada Manufacturing PMI rose to 57.2 in July of 2021 from 56.2 in the previous month, pointing to the 14th straight month of expansion of factory activity. At the same time, it was the fourth strongest in the survey's history. New orders and output rose sharply, underpinned by improved demand domestically and internationally, particularly in the US and Europe. Meanwhile, despite rising for the 14th consecutive month and beating the long-term average, the pace of job creation moderated slightly amid struggles to find skilled replacements for voluntary leavers. Ongoing severe supply chain constraints and raw material shortages remained the main causes behind historic increases in backlogs of work and lead times. In response, companies added to pre-production inventories at the 2nd quickest rate on record, which fueled input price inflation to a fresh series high. Lastly, outlook reflected the strong demand environment, both of which improved starkly in August.
2021-09-01
Canada Factory Activity Growth Remains Solid
The IHS Markit Canada Manufacturing PMI edged down to 56.2 in July of 2021 from 56.5 in the previous month Still, the latest reading pointed to the 13th straight month of expansion in the country's factory activity and one of the strongest in the survey's history. New orders, output and employment rose at a faster pace, as virus-related restrictions eased further across the regions allowing the continued re-opening of businesses. Also, there was a slight improvement in supply situation, with the incidence of delays was the smallest since February. On the price front, manufacturers continued to face strong inflationary pressures with both input inflation and output charge inflation at record levels. Looking ahead, remained upbeat about their prospects for output growth over the coming year, but the degree of positivity moderated notably from that in June.
2021-08-03

Canada Last Unit Reference Previous Highest Lowest
Manufacturing PMI 57.00 points Sep/21 57.20 58.50 33.00


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.