The IHS Markit Canada Manufacturing PMI fell to 49.1 in August 2019 from 50.2 in the previous month. The latest reading pointed to a contraction in factory activity, as new orders dropped for the sixth consecutive month and at the steepest pace since December 2015. In addition, export orders declined mostly due to softer economic growth in the US and worsening automotive sector business conditions. Also, the job creation rate slowed due to less upbeat growth expectations and lower levels of purchasing activity have been recorded in five of the past six months, reflecting falling production and efforts to streamline inventories. On the price front, input cost inflation eased to an over seven-year low mainly due to raw materials prices in particular steel and output cost inflation rose at the slowest rate since October 2016. Finally, optimism weakened to a three-and-a-half year low amid worries regarding US-China trade war and global economic uncertainty. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 52.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Canada to stand at 53.00 in 12 months time. In the long-term, the Canada Manufacturing PMI is projected to trend around 52.00 in 2020, according to our econometric models.

Canada Manufacturing PMI
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Canada Business Last Previous Highest Lowest Unit
Business Confidence 60.60 54.20 75.00 36.10 Index Points [+]
Manufacturing PMI 49.10 50.20 57.10 47.50 [+]
Industrial Production 1.44 2.87 10.26 -14.52 percent [+]
Industrial Production Mom -0.67 0.39 3.33 -3.50 percent [+]
Manufacturing Production -0.29 2.87 11.77 -17.31 percent [+]
Capacity Utilization 83.30 81.10 87.30 72.70 percent [+]
New Orders 56779434.00 59252906.00 63214073.00 14816411.00 CAD THO [+]
Changes in Inventories 14022.00 19546.00 24252.00 -21563.00 CAD Million [+]
Bankruptcies 250.00 212.00 872.00 177.00 Companies [+]
Corporate Profits 90428.00 84357.00 97553.00 -758.00 CAD Million [+]
Car Registrations 177238.00 189850.00 220436.00 19807.00 Units [+]
Leading Economic Index 0.20 0.20 1.20 -1.40 percent [+]
Internet Speed 16205.66 14855.09 16205.66 3293.95 KBps [+]
IP Addresses 15582991.00 15135509.00 15582991.00 8092964.00 IP [+]
Wholesale Sales 0.60 -1.90 6.90 -5.30 percent [+]
Steel Production 1120.00 970.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production 0.12 -1.51 23.15 -16.41 percent [+]
Manufacturing Sales -1.30 -1.40 6.60 -9.20 percent [+]
Competitiveness Index 79.92 80.00 80.00 5.20 Points [+]
Competitiveness Rank 12.00 10.00 15.00 9.00 [+]
Corruption Index 81.00 82.00 92.00 81.00 Points [+]
Corruption Rank 9.00 8.00 14.00 5.00 [+]
Crude Oil Rigs 121.00 114.00 715.00 32.00 [+]
Ease of Doing Business 22.00 18.00 22.00 8.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.10 50.20 57.10 47.50 2011 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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