The IHS Markit Canada Manufacturing PMI dropped to 33 in April from 46.1 in the previous month. The latest reading pointed to the sharpest contraction in factory activity since series began, amid business closures and lockdowns due to the coronavirus pandemic. Output and new orders declined at the fastest pace on record. Supplier delivery times lengthened steeply reflecting severe distress across global supply chains amid delays at international borders due to the fast-spreading virus. The job shedding rate accelerated to an all-time high; and stocks of finished goods went down to a survey-record low. On the price front, input cost inflation slowed to an over seven-and-a-half year low due to commodity prices and weak demand for raw materials; and output prices dropped for the first time in three-and-a-half years. Finally, sentiment deteriorated to its lowest level since July 2012, amid uncertainty over the length of showdowns and a slump in energy sector spending.

Manufacturing PMI in Canada averaged 52.38 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 May of 2020. source: Markit Economics

Manufacturing PMI in Canada is expected to be 29.00 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 47.00 in 12 months time. In the long-term, the Canada Manufacturing PMI is projected to trend around 51.00 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
33.00 46.10 57.10 33.00 2011 - 2020 points Monthly
SA


News Stream
Canada Factory Activity Shrinks at Record Pace
The IHS Markit Canada Manufacturing PMI dropped to 33 in April from 46.1 in the previous month. The latest reading pointed to the sharpest contraction in factory activity since series began, amid business closures and lockdowns due to the coronavirus pandemic. Output and new orders declined at the fastest pace on record. Supplier delivery times lengthened steeply reflecting severe distress across global supply chains amid delays at international borders due to the fast-spreading virus. The job shedding rate accelerated to an all-time high; and stocks of finished goods went down to a survey-record low. On the price front, input cost inflation slowed to an over seven-and-a-half year low due to commodity prices and weak demand for raw materials; and output prices dropped for the first time in three-and-a-half years. Finally, sentiment deteriorated to its lowest level since July 2012, amid uncertainty over the length of showdowns and a slump in energy sector spending.
2020-05-01
Canada Factory Activity Contracts at Record Pace
The IHS Markit Canada Manufacturing PMI fell to 46.1 in March 2020 from 51.8 in the previous month. The reading pointed to the steepest contraction in factory activity since series began, as the coronavirus pandemic hit the economy. Output dropped sharply due to reduced operating capacity and low demand amid emergency public health measures to halt the spread of the Covid-19. New orders declined at the quickest pace on record mainly among food producers and pharmaceuticals; and export sales fell mostly due to business shutdowns and closed borders due to the fast-spreading virus. Employment fell at the fastest rate on record as firms responded to lower demand and reduced production schedules. On the price front, input cost inflation rose boosted the currency depreciation against the US dollar; while output prices slowed to a five-month low. Finally, sentiment deteriorated to an all-time low.
2020-04-01
Canada Factory Activity Growth at 1-Year High
The IHS Markit Canada Manufacturing PMI rose to 51.8 in February 2020 from 50.6 in the previous month. The reading pointed to the strongest expansion in factory activity in a year, as output increased for the sixth month in a row and at the fastest pace in three months and new orders advanced for the second consecutive month. Export orders rose for the first time since September, as greater demand from US clients helped to offset weaker spending in the Asia-Pacific region. Also, the job creation rate went up slightly after a fractional decline in employment in January. Meantime, delivery times from lengthened sharply amid rail transport blockades and delays with the receipt of items sourced from suppliers in China. On the price front, input cost inflation accelerated to a ten-month high and output prices advanced modestly. Lastly, sentiment remained positive, but slightly lower than in January.
2020-03-02
Canada Factory Activity Growth Beats Forecasts
The IHS Markit Canada Manufacturing PMI increased to 50.6 in January 2020 from 50.4 in the previous month and beating market expectations of 49.6. Output rose marginally and new business returned to growth. Meantime, employment dropped for the first time since April last year, mainly due to reduced backlogs and weak sale volumes. Also, input buying declined at the sharpest pace since December 2015. On the price front, input cost inflation slowed to a four-month low, mostly due to lower steel prices and output price inflation eased to a three-month low. Lastly, sentiment improved, hitting its highest level since July last year, partly driven by hopes of an improvement in global trade conditions.
2020-02-03

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.