The S&P Global Canada Composite PMI rose to 49.7 in July 2026 from 47.9 in June, signaling a second consecutive month of contraction in private-sector business activity, albeit at a slower pace. The improvement reflected stronger manufacturing output, while the services sector remained in contraction. New business followed a similar pattern. Employment continued to expand across the private sector, though business confidence weakened to its lowest level since June 2025. On the price front, both input costs and output charges increased at faster rates. source: S&P Global

Composite PMI in Canada increased to 49.70 points in July from 47.90 points in June of 2026. Composite PMI in Canada averaged 48.93 points from 2020 until 2026, reaching an all time high of 56.10 points in March of 2022 and a record low of 41.70 points in April of 2025. This page includes a chart with historical data for Canada Composite PMI.

Composite PMI in Canada increased to 49.70 points in July from 47.90 points in June of 2026. Composite PMI in Canada is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Composite PMI is projected to trend around 52.60 points in 2027 and 53.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 322.00 300.00 Companies Jun 2026
Business Outlook Survey Indicator -0.39 -0.35 points Jun 2026
Ivey PMI s.a 55.10 56.20 points Jul 2026
Capacity Utilization 82.30 82.20 percent Jun 2026
New Motor Vehicle Sales 190167.00 190600.00 Units Jun 2026
Changes in Inventories 10630.00 -12627.00 CAD Million Mar 2026
Corporate Profits 162059.00 152067.00 CAD Million Jun 2026
Corruption Index 75.00 75.00 Points Dec 2025
Corruption Rank 16.00 15.00 Dec 2025
Crude Oil Rigs 135.00 125.00 Jul 2026
Industrial Production 2.40 0.40 percent May 2026
Industrial Production Mom 0.90 1.40 percent May 2026
Manufacturing Production 0.10 -1.40 percent May 2026
Manufacturing Sales MoM -0.20 0.10 percent Jul 2026
Mining Production 6.70 3.50 percent May 2026
New Orders 80401800.00 86310297.00 CAD Thousand Jun 2026
CFIB Business Barometer 57.60 58.30 points Aug 2026
Wholesale Sales MoM -0.60 2.80 percent Jul 2026


Canada Composite PMI
The Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. The weights reflect the relative size of the manufacturing and service sectors according to official GDP data. The Composite Output Index may be referred to as the ‘Composite PMI’ but is not comparable with the headline manufacturing PMI figure. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Canada Private Sector Activity Contracts for 2nd Month
The S&P Global Canada Composite PMI rose to 49.7 in July 2026 from 47.9 in June, signaling a second consecutive month of contraction in private-sector business activity, albeit at a slower pace. The improvement reflected stronger manufacturing output, while the services sector remained in contraction. New business followed a similar pattern. Employment continued to expand across the private sector, though business confidence weakened to its lowest level since June 2025. On the price front, both input costs and output charges increased at faster rates.
2026-08-06
Canada Private Sector Activity Contracts
The S&P Global Canada Composite PMI declined to 47.9 in June 2026, marking the first contraction in 6 months in private-sector business activity, down from 50.8 in May. The decline was driven by weaker services activity, which more than offset a solid expansion in manufacturing output. New orders also declined during the month, pointing to softer demand. Despite the downturn in activity, private-sector employment continued to grow, although optimism regarding the future deteriorated. On the price front, inflationary pressures eased.
2026-07-06
Canada Private Sector Growth Strongest Since 2024
The S&P Global Canada Composite PMI increased to 50.8 in May 2026 from 49.9 in April, pointing to the strongest growth in private sector activity since November 2024. It reflected concurrent increases in both manufacturing (52.9 vs 53.3) and service (50.6 vs 49.2) sector output. New order growth was sustained, albeit was only marginal, whilst there was a slight reduction in employment. On the price front, input cost inflation accelerated to its highest level in nearly four years. Selling charges rose to their strongest degree since February 2023. Meanwhile, confidence in the outlook was the lowest for four months.
2026-06-03