The IHS Markit Canada Manufacturing PMI increased to 54.9 in November of 2018 from 53.9 in the previous month, pointing to the fastest growth in manufacturing sector since August. Output growth went up from October’s 22-month low, helped by a stronger upturn in new orders. Also, new export orders rose solidly, namely to US clients and job creation accelerated at the fastest rate since the survey begin in October 2010, amid rising business investment in plant capacity. On the price front, input cost inflation increased at the slowest rate since February, with lower oil-related prices helping to offset higher costs for imported materials. Looking ahead, business confidence increased slightly in November but remained one of the weakest seen over the past two years, mainly linked to slower economic growth in Europe. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 55.00 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 54.90 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 57.20 61.80 75.00 36.10 Index Points [+]
Manufacturing PMI 54.90 53.90 57.10 47.50 [+]
Industrial Production 2.76 2.89 11.37 -15.24 percent [+]
Industrial Production Mom 0.14 0.58 3.36 -3.49 percent [+]
Manufacturing Production 3.32 2.80 12.88 -17.31 percent [+]
Capacity Utilization 82.60 84.10 87.30 72.70 percent [+]
New Orders 58830069.00 59036207.00 62768223.00 14816411.00 CAD THO [+]
Changes in Inventories 6608.00 13540.00 21415.00 -18847.00 CAD Million [+]
Bankruptcies 210.00 209.00 872.00 177.00 Companies [+]
Corporate Profits 85053.00 76692.00 85053.00 -758.00 CAD Million [+]
Car Registrations 165626.00 178985.00 220436.00 19807.00 Units [+]
Leading Economic Index -0.10 0.10 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 [+]
Steel Production 1160.00 1120.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production 5.46 4.61 21.12 -16.33 percent [+]
Competitiveness Index 79.92 80.00 80.00 5.20 Points [+]
Competitiveness Rank 12.00 10.00 15.00 9.00 [+]
Corruption Index 82.00 82.00 92.00 81.00 Points [+]
Corruption Rank 8.00 9.00 14.00 5.00 [+]
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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
54.90 53.90 57.10 47.50 2011 - 2018 Monthly
SA




Country Last Previous
Australia 51.30 Nov/18
Brazil 52.70 Nov/18
Canada 54.90 Nov/18
China 50.20 Nov/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 54.00 Nov/18
Indonesia 50.40 Nov/18
Italy 48.60 Nov/18
Japan 52.40 Dec/18
Mexico 49.70 Nov/18
Netherlands 56.10 Nov/18
Russia 52.60 Nov/18
Saudi Arabia 55.20 Nov/18
Singapore 51.50 Nov/18
South Africa 49.50 Nov/18
South Korea 48.60 Nov/18
Spain 52.60 Nov/18
Switzerland 57.70 Nov/18
Turkey 44.70 Nov/18
United Kingdom 53.10 Nov/18
United States 53.90 Dec/18


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