The S&P Global Canada Composite PMI declined to 47.8 in August 2026 from 49.7 in July, marking the lowest level since March, primarily driven by weakeness in the service sector, amid escalating tensions with the US and in the Middle East. Business confidence in the sector over future activity fell to its lowest since June 2025, with rising prices also seen as a threat to future business performance. The weakness from services offseted growth in manufacturing output for a fifth consecutive month. Input price inflation softened over the month, although remaining elevated with fuel and energy prices remaining volatile. Employment was broadly unchanged. source: S&P Global

Composite PMI in Canada decreased to 47.80 points in August from 49.70 points in July 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 47.80 points in August from 49.70 points in July of 2026. Composite PMI in Canada is expected to be 48.50 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 294.00 322.00 Companies Jul 2026
Business Outlook Survey Indicator -0.39 -0.35 points Jun 2026
Ivey PMI s.a 64.30 55.10 points Aug 2026
Capacity Utilization 80.70 82.20 percent Jul 2026
New Motor Vehicle Sales 176200.00 190167.00 Units Jul 2026
Changes in Inventories -16129.00 10630.00 CAD Million Jun 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 147.00 134.00 Aug 2026
Industrial Production 3.30 2.30 percent Jun 2026
Industrial Production Mom -0.10 0.80 percent Jun 2026
Manufacturing Production 2.30 0.50 percent Jun 2026
Manufacturing Sales MoM -0.40 0.10 percent Jul 2026
Mining Production 5.60 5.60 percent Jun 2026
New Orders 81206671.00 80663611.00 CAD Thousand Jul 2026
CFIB Business Barometer 57.60 58.30 points Aug 2026
Wholesale Sales MoM 0.30 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
The S&P Global Canada Composite PMI declined to 47.8 in August 2026 from 49.7 in July, marking the lowest level since March, primarily driven by weakeness in the service sector, amid escalating tensions with the US and in the Middle East. Business confidence in the sector over future activity fell to its lowest since June 2025, with rising prices also seen as a threat to future business performance. The weakness from services offseted growth in manufacturing output for a fifth consecutive month. Input price inflation softened over the month, although remaining elevated with fuel and energy prices remaining volatile. Employment was broadly unchanged.
2026-09-03
Canada Private Sector Activity Rebounds
The S&P Global Canada Composite PMI rose to 49.7 in July 2026 from 47.9 in June, amid 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