The IHS Markit Canada Manufacturing PMI decreased to 50.5 in March 2019 from 52.6 in the previous month and missing market consensus of 52.8. The latest reading pointed to the softest expansion in the factory sector since September 2016, as output growth slowed to a near two-and-a-half years amid weak demand mainly from foreign markets. Also, new export orders dropped to the fastest rate since February 2015 due to softer global trade flows competitiveness from higher domestic raw material costs, namely steel. Additionally, the job creation rate rose at the slower pace since 2016 and stock of purchases declined at the strongest rate in over three years. On the price front, input price inflation slowed to its weakest rate in two-and-a-half years. Across regions, Alberta and British Columbia recorded the softest performance. Finally, sentiment towards future production growth was the second-weakest since August 2016. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 54.90 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 54.30 50.60 75.00 36.10 Index Points [+]
Manufacturing PMI 50.50 52.60 57.10 47.50 [+]
Industrial Production 1.19 1.09 10.26 -14.52 percent [+]
Industrial Production Mom 0.15 -0.88 3.33 -3.50 percent [+]
Manufacturing Production 1.86 -0.30 11.77 -17.31 percent [+]
Capacity Utilization 81.70 82.80 87.30 72.70 percent [+]
New Orders 55999983.00 56982776.00 62768223.00 14816411.00 CAD THO [+]
Changes in Inventories 13422.00 6608.00 21415.00 -18847.00 CAD Million [+]
Bankruptcies 245.00 227.00 872.00 177.00 Companies [+]
Corporate Profits 83963.00 88119.00 88119.00 -758.00 CAD Million [+]
Car Registrations 124058.00 111917.00 220436.00 19807.00 Units [+]
Leading Economic Index 0.30 -0.10 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 1040.00 1150.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production -0.13 2.41 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 [+]
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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.50 52.60 57.10 47.50 2011 - 2019 Monthly
SA




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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