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. source: S&P Global

Composite PMI in Canada decreased to 47.90 points in June from 50.80 points in May of 2026. Composite PMI in Canada averaged 48.91 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 decreased to 47.90 points in June from 50.80 points in May of 2026. Composite PMI in Canada is expected to be 50.10 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 51.00 points in 2027 and 53.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 300.00 298.00 Companies May 2026
Business Outlook Survey Indicator -0.36 -1.78 points Mar 2026
Ivey PMI s.a 56.20 58.20 points Jun 2026
Capacity Utilization 82.50 80.40 percent May 2026
New Motor Vehicle Sales 190600.00 183921.00 Units May 2026
Changes in Inventories 10630.00 -12627.00 CAD Million Mar 2026
Corporate Profits 151074.00 155399.00 CAD Million Mar 2026
Corruption Index 75.00 75.00 Points Dec 2025
Corruption Rank 16.00 15.00 Dec 2025
Crude Oil Rigs 125.00 85.00 Jun 2026
Industrial Production 0.20 -1.80 percent Apr 2026
Industrial Production Mom -0.50 -0.20 percent Apr 2026
Manufacturing Production -1.80 -2.40 percent Apr 2026
Manufacturing Sales MoM 1.30 4.20 percent May 2026
Mining Production 3.40 -1.20 percent Apr 2026
New Orders 86310297.00 78793831.00 CAD Thousand May 2026
CFIB Business Barometer 49.60 46.30 points Jun 2026
Wholesale Sales MoM 0.00 0.60 percent May 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
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
Canada Private Sector Nears Stabilization
The S&P Global Canada Composite PMI rose to 49.9 in April 2026 from 47.6 in March, nearing the neutral 50 threshold and signaling a stabilization in business activity. A solid increase in manufacturing output helped offset a slight contraction in the services sector. New orders improved, and employment expanded for the first time in nearly a year, pointing to a modest recovery in demand. However, cost pressures remained elevated, with input price inflation largely unchanged, while output prices rose at the fastest pace since July 2023, indicating firms are passing higher costs on to customers.
2026-05-05