The IHS Markit Canada Manufacturing PMI rose to 57.2 in July of 2021 from 56.2 in the previous month, pointing to the 14th straight month of expansion of factory activity. At the same time, it was the fourth strongest in the survey's history. New orders and output rose sharply, underpinned by improved demand domestically and internationally, particularly in the US and Europe. Meanwhile, despite rising for the 14th consecutive month and beating the long-term average, the pace of job creation moderated slightly amid struggles to find skilled replacements for voluntary leavers. Ongoing severe supply chain constraints and raw material shortages remained the main causes behind historic increases in backlogs of work and lead times. In response, companies added to pre-production inventories at the 2nd quickest rate on record, which fueled input price inflation to a fresh series high. Lastly, outlook reflected the strong demand environment, both of which improved starkly in August. source: Markit Economics

Manufacturing PMI in Canada averaged 52.62 points from 2011 until 2021, reaching an all time high of 58.50 points in March of 2021 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 September of 2021.

Manufacturing PMI in Canada is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Manufacturing PMI is projected to trend around 53.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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Canada Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.20 56.20 58.50 33.00 2011 - 2021 points Monthly
SA


News Stream
Canada Factory Activity Growth at 4-Month High
The IHS Markit Canada Manufacturing PMI rose to 57.2 in July of 2021 from 56.2 in the previous month, pointing to the 14th straight month of expansion of factory activity. At the same time, it was the fourth strongest in the survey's history. New orders and output rose sharply, underpinned by improved demand domestically and internationally, particularly in the US and Europe. Meanwhile, despite rising for the 14th consecutive month and beating the long-term average, the pace of job creation moderated slightly amid struggles to find skilled replacements for voluntary leavers. Ongoing severe supply chain constraints and raw material shortages remained the main causes behind historic increases in backlogs of work and lead times. In response, companies added to pre-production inventories at the 2nd quickest rate on record, which fueled input price inflation to a fresh series high. Lastly, outlook reflected the strong demand environment, both of which improved starkly in August.
2021-09-01
Canada Factory Activity Growth Remains Solid
The IHS Markit Canada Manufacturing PMI edged down to 56.2 in July of 2021 from 56.5 in the previous month Still, the latest reading pointed to the 13th straight month of expansion in the country's factory activity and one of the strongest in the survey's history. New orders, output and employment rose at a faster pace, as virus-related restrictions eased further across the regions allowing the continued re-opening of businesses. Also, there was a slight improvement in supply situation, with the incidence of delays was the smallest since February. On the price front, manufacturers continued to face strong inflationary pressures with both input inflation and output charge inflation at record levels. Looking ahead, remained upbeat about their prospects for output growth over the coming year, but the degree of positivity moderated notably from that in June.
2021-08-03
Canada Factory Activity Eases in June
The IHS Markit Canada Manufacturing PMI edged down to 56.5 in June of 2021 from 57 in the previous month. The latest reading pointed to the 12th straight month of expansion in the country's factory activity but the softest in four months. Canadian firms noted stronger demand, domestically and internationally, which supported solid production and hiring levels, although both were seen expanding at the slowest pace since February. On the price front, inflationary pressures remained high on raw material shortages, which fueled the steepest increase in input prices in almost three years. Costs were largely passed onto clients, however the inflation rate seen in output charges softened from May’s historic high. Business morale improved markedly to a 3-month high in June, underpinned by hopes of greater client demand and plans to expand business operations.
2021-07-02
Canada Factory Activity Growth Remains Strong
The IHS Markit Canada Manufacturing PMI dropped to 57 in May of 2021 from 57.2 in the previous month. Still, the latest reading pointed to the 11th straight month of expansion in the country's factory activity and the fifth-strongest growth since available records began in October 2010. Solid growth in new orders, output and employment was maintained. Meanwhile, backlogs of work accumulated for the tenth straight month, reflecting insufficient staff as well as material shortages and shipment delays. On the price front, inflationary pressures intensified.
2021-06-01

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.