Canada Manufacturing PMI

The IHS Markit Canada Manufacturing PMI decreased to 50.5 in March 2019 from 52.6 in the previous month and missing market consensus of 52.8. The latest reading pointed to the softest expansion in the factory sector since September 2016, as output growth slowed to a near two-and-a-half years amid weak demand mainly from foreign markets. Also, new export orders dropped to the fastest rate since February 2015 due to softer global trade flows competitiveness from higher domestic raw material costs, namely steel. Additionally, the job creation rate rose at the slower pace since 2016 and stock of purchases declined at the strongest rate in over three years. On the price front, input price inflation slowed to its weakest rate in two-and-a-half years. Across regions, Alberta and British Columbia recorded the softest performance. Finally, sentiment towards future production growth was the second-weakest since August 2016. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 54.90 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 53.50 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.

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Canada Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	54.30	50.60	75.00	36.10	Index Points	[+]
Manufacturing PMI	50.50	52.60	57.10	47.50		[+]
Industrial Production	1.19	1.09	10.26	-14.52	percent	[+]
Industrial Production Mom	0.15	-0.88	3.33	-3.50	percent	[+]
Manufacturing Production	1.86	-0.30	11.77	-17.31	percent	[+]
Capacity Utilization	81.70	82.80	87.30	72.70	percent	[+]
New Orders	56269832.00	55999983.00	62768223.00	14816411.00	CAD THO	[+]
Changes in Inventories	13422.00	6608.00	21415.00	-18847.00	CAD Million	[+]
Bankruptcies	245.00	227.00	872.00	177.00	Companies	[+]
Corporate Profits	83963.00	88119.00	88119.00	-758.00	CAD Million	[+]
Car Registrations	124058.00	111917.00	220436.00	19807.00	Units	[+]
Leading Economic Index	0.30	-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	1040.00	1150.00	1534.00	349.00	Thousand Tonnes	[+]
Mining Production	-0.13	2.41	23.15	-16.41	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		[+]
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 April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	50.50	52.60	57.10	47.50	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	51.00	Mar/19	54	62.5 : 29.47
Brazil	52.80	Mar/19	53.4	53.5 : 41.6
Canada	50.50	Mar/19	52.6	57.1 : 47.5
China	50.80	Mar/19	49.9	52.3 : 47.2
Euro Area	47.80	Apr/19	47.5	60.6 : 33.5
France	49.60	Apr/19	49.7	58.8 : 42.7
Germany	44.50	Apr/19	44.1	63.3 : 32
India	52.60	Mar/19	54.3	55 : 47.9
Indonesia	51.20	Mar/19	50.1	58.5 : 46.4
Italy	47.40	Mar/19	47.7	59 : 47.4
Japan	49.50	Apr/19	49.2	56.2 : 29.6
Mexico	49.80	Mar/19	52.6	57.1 : 49.2
Netherlands	52.50	Mar/19	52.7	63.4 : 48
Russia	52.80	Mar/19	50.1	54.7 : 47.6
Saudi Arabia	56.80	Mar/19	56.6	61.8 : 51.4
Singapore	50.80	Mar/19	50.4	53.1 : 48.3
South Africa	45.00	Mar/19	46.2	60.87 : 35.09
South Korea	48.80	Mar/19	47.2	52.6 : 45.7
Spain	50.90	Mar/19	49.9	56.1 : 41.1
Switzerland	50.30	Mar/19	55.4	66.9 : 32.8
Turkey	47.20	Mar/19	46.4	55.7 : 42.7
United Kingdom	55.10	Mar/19	52.1	61.5 : 34.4
United States	52.40	Apr/19	52.4	57.9 : 50.7