The IHS Markit Canada Manufacturing PMI increased to 50.2 in July of 2019 from 49.2 in the previous month, pointing to the first expansion since March. Output fell at a much softer pace, with new orders closer to stabilization in July while pre-production inventories increased for the first time in six months. Additionally, employment rose at the fastest pace in five months. Meanwhile, new work decreased, dragged down by a weak export demand while backlogs continued to decline in July. On the price front, input cost inflation increased at the slowest pace since May 2013 while output charge also eased amid softer cost pressures and intense competition for new work. Looking ahead, manufacturers signalled a rebound in business optimism, mainly due to additional staff recruitment to long-term business expansion plans and a rise in optimism about the demand outlook. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 52.00 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 53.00 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 54.20 52.40 75.00 36.10 Index Points [+]
Manufacturing PMI 50.20 49.20 57.10 47.50 [+]
Industrial Production 3.14 2.74 10.26 -14.52 percent [+]
Industrial Production Mom 0.42 0.95 3.33 -3.50 percent [+]
Manufacturing Production 3.05 1.50 11.77 -17.31 percent [+]
Capacity Utilization 80.90 81.80 87.30 72.70 percent [+]
New Orders 56779434.00 59252906.00 63214073.00 14816411.00 CAD THO [+]
Changes in Inventories 17717.00 13891.00 24252.00 -21563.00 CAD Million [+]
Bankruptcies 212.00 236.00 872.00 177.00 Companies [+]
Corporate Profits 90428.00 85116.00 97553.00 -758.00 CAD Million [+]
Car Registrations 189850.00 206821.00 220436.00 19807.00 Units [+]
Leading Economic Index 0.20 0.30 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 [+]
Wholesale Sales 0.60 -1.90 6.90 -5.30 percent [+]
Steel Production 970.00 1150.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production -0.89 0.64 23.15 -16.41 percent [+]
Manufacturing Sales -1.20 1.60 6.60 -9.20 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 121.00 114.00 715.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.20 49.20 57.10 47.50 2011 - 2019 Monthly
SA




Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 47.00 Aug/19
France 51.00 Aug/19
Germany 43.60 Aug/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.50 Aug/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 49.90 Aug/19


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