The IHS Markit Canada Manufacturing PMI declined to 49.1 in May 2019 from 49.7 in the previous month and beating market expectations of 49.8. The latest reading pointed to the second consecutive contraction in factory activity and the steepest since December 2015, as output dropped at the sharpest pace since 2015 and new orders fell for the third straight month due to weak demand in both foreign and domestic markets. Additionally, supply chain performance deteriorated linked to shortage of raw material supply that led to longer delays. Meanwhile, the job creation rate rose marginally partially due to an expansion of factory space. On the price front, input cost inflation eased to an over four-year low. Looking ahead, optimism jumped to a 13-month high, despite the current slowdown in the sector driven by new products expectations, hiring plans and factory expansion. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 50.20 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 53.50 in 12 months time. In the long-term, the Canada Manufacturing PMI is projected to trend around 52.00 in 2020, according to our econometric models.

Canada Manufacturing PMI
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Canada Business Last Previous Highest Lowest Unit
Business Confidence 55.90 55.90 75.00 36.10 Index Points [+]
Manufacturing PMI 49.10 49.70 57.10 47.50 [+]
Industrial Production 0.32 -0.58 10.26 -14.52 percent [+]
Industrial Production Mom 0.82 -0.66 3.33 -3.50 percent [+]
Manufacturing Production 1.73 0.83 11.77 -17.31 percent [+]
Capacity Utilization 80.90 81.80 87.30 72.70 percent [+]
New Orders 58084236.00 57241804.00 63214073.00 14816411.00 CAD THO [+]
Changes in Inventories 17717.00 13891.00 24252.00 -21563.00 CAD Million [+]
Bankruptcies 278.00 281.00 872.00 177.00 Companies [+]
Corporate Profits 85116.00 84400.00 97553.00 -758.00 CAD Million [+]
Car Registrations 185390.00 186515.00 220436.00 19807.00 Units [+]
Leading Economic Index 0.50 -0.20 1.20 -1.40 percent [+]
Internet Speed 16205.66 14855.09 16205.66 3293.95 KBps [+]
IP Addresses 15582991.00 15135509.00 15582991.00 8092964.00 IP [+]
Steel Production 1120.00 1150.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production -5.36 -4.79 23.15 -16.41 percent [+]
Competitiveness Index 79.92 80.00 80.00 5.20 Points [+]
Competitiveness Rank 12.00 10.00 15.00 9.00 [+]
Corruption Index 81.00 82.00 92.00 81.00 Points [+]
Corruption Rank 9.00 8.00 14.00 5.00 [+]
Crude Oil Rigs 70.00 66.00 715.00 32.00 [+]
Ease of Doing Business 22.00 18.00 22.00 8.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.10 49.70 57.10 47.50 2011 - 2019 Monthly
SA




Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19


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