The IHS Markit Canada Manufacturing PMI came in at 57.2 in November of 2021, down slightly from a seven-month high of 57.7 in the previous month. Factory activity conditions improved for the 17th consecutive month, with the latest expansion among the strongest in the series history. Output growth accelerated while new orders rose at a solid pace, on improved demand and higher customer numbers. Exports also went up for a tenth straight month amid greater demand from US and Asian markets. This was despite ongoing supply disruptions and material shortages, which prompted average lead times from vendors lengthening to the second greatest extent since the survey began in October 2010. On the price front, both input and output inflation climbed to record levels. Finally, the degree of optimism among manufacturers moderated to the lowest since July, but was still above the long-run series average. source: Markit Economics

Manufacturing PMI in Canada averaged 52.77 points from 2011 until 2021, reaching an all time high of 58.50 points in March of 2021 and a record low of 33 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Manufacturing PMI in Canada is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Manufacturing PMI is projected to trend around 53.00 points in 2022 and 52.00 points in 2023, according to our econometric models.

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Canada Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 57.20 57.70 points Nov/21

News Stream
Canada Factory Activity Growth Remains Solid
The IHS Markit Canada Manufacturing PMI came in at 57.2 in November of 2021, down slightly from a seven-month high of 57.7 in the previous month. Factory activity conditions improved for the 17th consecutive month, with the latest expansion among the strongest in the series history. Output growth accelerated while new orders rose at a solid pace, on improved demand and higher customer numbers. Exports also went up for a tenth straight month amid greater demand from US and Asian markets. This was despite ongoing supply disruptions and material shortages, which prompted average lead times from vendors lengthening to the second greatest extent since the survey began in October 2010. On the price front, both input and output inflation climbed to record levels. Finally, the degree of optimism among manufacturers moderated to the lowest since July, but was still above the long-run series average.
2021-12-01
Canada Factory Activity at 7-Month High
The IHS Markit Canada Manufacturing PMI went up to 57.7 in October of 2021, from 57 in the prior month, the highest reading since last March. Factory activity conditions improved for the sixteenth month in a row and were the third strongest pace in the survey’s history, mostly reflecting an upsurge in new orders amid higher foreign and domestic demand. Additional support came from production, employment and purchasing activity. On the other hand, lead times lengthened to unprecedented extents, due to a combination of raw material and container shortages, and transportation bottlenecks. As a result, firms raised their stocks of purchases at the fastest rate in the survey to date. On the price front, both input and output inflation climbed to the second-fastest on records, bolstered by higher costs for metals, packaging, and electronic components. Lastly, business sentiment was the highest since April 2018, supported by upbeat demand forecasts and improvement in economic conditions.
2021-11-01
Canada Factory Activity Growth Remains Strong
The IHS Markit Canada Manufacturing PMI came in at 57 in September of 2021, little changed from 57.2 in the prior month. The latest reading extended the period of growth to 15 successive months, with the latest expansion among the sharpest in the 11-year history of the survey. Output, new orders and employment growth rates softened but remained historically elevated, despite a rise in COVID cases. Meanwhile, global supply shocks persisted, leading to lengthier delivery times and a subsequent joint-record increase in backlogs. As a result, firms raised their stocks of purchases at the joint-fastest rate in the survey to date. On the price front, higher costs for steel, oil and transportation underpinned record rates of input and output price inflation. Lastly, business sentiment improved to the highest since May 2019, supported by forecasts of an improvement in economic conditions and wider material availability.
2021-10-01

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.