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. source: S&P Global

Composite PMI in Canada increased to 50.80 points in May from 49.90 points in April 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 50.80 points in May from 49.90 points in April of 2026. Composite PMI in Canada is expected to be 50.50 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 51.00 points in 2027 and 53.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 335.00 320.00 Companies Mar 2026
Business Outlook Survey Indicator -0.36 -1.78 points Mar 2026
Ivey PMI s.a 58.20 57.70 points May 2026
Capacity Utilization 78.50 78.90 percent Dec 2025
New Motor Vehicle Sales 176500.00 124004.00 Units Mar 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 82.00 120.00 Apr 2026
Industrial Production -1.80 -1.50 percent Mar 2026
Industrial Production Mom -0.20 1.00 percent Mar 2026
Manufacturing Production -2.40 -3.60 percent Mar 2026
Manufacturing Sales MoM 4.60 3.00 percent Apr 2026
Mining Production -1.20 3.00 percent Mar 2026
New Orders 71102383.00 72439916.00 CAD Thousand Apr 2026
CFIB Business Barometer 46.30 58.50 points May 2026
Wholesale Sales MoM 0.10 1.90 percent Apr 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 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
Canada Private Sector Activity Contracts for 5th Month
The S&P Global Canada Composite PMI recorded 47.6 in March 2026, up from 47.1 in February and remaining below the 50.0 no-change mark for a fifth straight month. Manufacturing fell to 50.0 from 51.0 in March, while services rose to 47.2 from 46.5, with the latter being the main driver of the downturn. New business volumes declined for a sixteenth consecutive month and continued to weigh on output. Backlogs of work decreased markedly again as firms were easily able to keep on top of workloads. Employment contracted for a seventh successive month, albeit modestly, as firms pared staff or chose not to replace leavers. Business confidence edged up since February and reached its highest level since last September. On the price front input cost inflation accelerated to its highest level since last June, while output charge inflation rose solidly and reached its greatest degree since July 2025.
2026-04-06