The S&P Global Canada Manufacturing PMI fell to 54.6 in June of 2022 from 56.8 in the previous month. The latest reading pointed to the 24th straight month of expansion in factory activity but at the slowest pace since January of 2021. Output expanded at the softest pace for two years, while new orders rose only moderately, amid persistent inflationary pressures and material shortages. Also, slower growth was recorded for employment and purchasing activity, while exports fell for the first time in four months. On the price front, input price inflation was marked, and among the quickest in the series history, as prices accelerated for a range of goods and services including metal, fuel, energy, resin and transportation. Lastly, business sentiment dipped to a 17-month low, on concerns about the global economy and the lingering implications of COVID-19. source: Markit Economics
Manufacturing PMI in Canada averaged 52.96 points from 2011 until 2022, reaching an all time high of 58.90 points in March of 2022 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 July of 2022.
Manufacturing PMI in Canada is expected to be 56.00 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 2023 and 52.00 points in 2024, according to our econometric models.