The S&P Global Canada Manufacturing PMI declined to 56.2 in April of 2022, from an all-time high of 58.9 in March, marking the 22nd month running of expansions. Production levels rose sharply, mostly for producers of consumer goods, followed by makers of investment and intermediate goods, respectively. Main upward pressure came from robust growth in new orders, with firms saying they could secure new domestic clients and higher sales abroad. Also, backlogs of work increased sharply as shortage of materials and trucks more than offset higher staffing levels, although firms complained of shortage of skilled workers. On the price front, input price inflation moderated from March’s peak, while the rise in selling charges accelerated to the 2nd fastest in the survey’s history. Lastly, business outlook moderated from March and stood below the long-term average, pressured by elevated cost pressures and uncertainty due to the geopolitical environment. source: Markit Economics
Manufacturing PMI in Canada averaged 52.92 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 May of 2022.
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. In the long-term, the Canada Manufacturing PMI is projected to trend around 53.00 points in 2023 and 52.00 points in 2024, according to our econometric models.