The IHS Markit Canada Manufacturing PMI increased to 56 in September 2020 from 55.1 in the previous month. The reading pointed to the third successive expansion in factory activity and the steepest since August 2018, as market conditions continued to recover from coronavirus lockdown restrictions. Output rose at the fastest pace in over two years and new orders advanced for the third straight month and at the quickest rate since June 2018 amid a rise in both domestic and foreign markets. Additionally, the job creation rate increased at a solid pace. On the price front, input prices rose boosted by supplier surcharges and higher cost of raw material costs, and output charges advanced on the back of higher charges as they sought to protect profit margins. Lastly, sentiment improved lifted by hopes of s of the passing of the COVID-19 pandemic and planned for new product launches.

Manufacturing PMI in Canada averaged 52.29 points from 2011 until 2020, reaching an all time high of 57.10 points in June of 2018 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 2020. source: Markit Economics

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. 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 53.00 points in 2021 and 52.00 points in 2022, according to our econometric models.

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Canada Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.00 55.10 57.10 33.00 2011 - 2020 points Monthly
SA


News Stream
Canada Factory Activity Grows the Most in 2 Years
The IHS Markit Canada Manufacturing PMI increased to 56 in September 2020 from 55.1 in the previous month. The reading pointed to the third successive expansion in factory activity and the steepest since August 2018, as market conditions continued to recover from coronavirus lockdown restrictions. Output rose at the fastest pace in over two years and new orders advanced for the third straight month and at the quickest rate since June 2018 amid a rise in both domestic and foreign markets. Additionally, the job creation rate increased at a solid pace. On the price front, input prices rose boosted by supplier surcharges and higher cost of raw material costs, and output charges advanced on the back of higher charges as they sought to protect profit margins. Lastly, sentiment improved lifted by hopes of s of the passing of the COVID-19 pandemic and planned for new product launches.
2020-10-01
Canada Factory Activity Continues to Recover in August
The IHS Markit Canada Manufacturing PMI rose to 55.1 in August 2020 from 52.9 in the previous month. The latest reading pointed to the second consecutive expansion in factory activity and the steepest since August 2018, as market conditions continued to recover following lockdowns due to the coronavirus pandemic. Output and new orders continued to increase amid growing client demand. Also, export sales expanded, ending a five-month sequence of falling orders and the job creation rate accelerated to its highest level since January last year. On the price front, input cost inflation quickened at the fastest pace in nineteen months driven by higher prices of raw materials, and output charges increased for the third time in the past four months and at the steepest rate since April last year. Lastly sentiment remained positive as firms continue to foresee a rise in output over the coming year.
2020-09-01
Canada Factory Activity Back to Expansion
The IHS Markit Canada Manufacturing PMI increased to 52.9 in July 2020 from 47.8 in June. The reading pointed to the first expansion in factory activity in five months and the sharpest since January last year, as more parts of the economy reopened after lockdowns due to the coronavirus pandemic. Output rose at the fastest pace since September 2018 and new orders went up for the first time since February amid a recovery in sales as customers returned to work and restarted purchasing. Employment increased for the first time in five months while export sales continued to drop as demand overseas remained weak. On the price front, input prices rose boosted by higher transportation and raw materials costs and reports of supplier surcharges related to COVID-19 while output price inflation slowed slightly. Finally, manufacturers remained optimistic, still expectations moderated since June amid concerns over the global economic outlook due to the prospects of a second wave of infections.
2020-08-04
Canada Factory Activity Shrinks at Softer Pace in June
The IHS Markit Canada Manufacturing PMI rose to 47.8 in June 2020 from 40.6 in the previous month. The latest reading pointed to a weaker contraction in factory activity, amid the easing of coronavirus lockdown restrictions. Both output and new orders fell at the softest extent since the downturn began in March. The job shedding rate eased to four-month low as some firms had begun to add to their payrolls in response to more stable demand conditions. On the price front, input cost inflation quickened to a four-month high mostly due to exchange rate depreciation against the US dollar, surcharges from vendors linked to the COVID-19 pandemic and supply shortages, and output charges continued to rise. Finally, sentiment improved to its highest level since February boosted by optimism over client demand and production.
2020-07-02

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.