The S&P Global Canada Manufacturing PMI rose to 53.3 in April 2026 from 50.0 in March, marking the strongest improvement in business conditions since June 2022. Production growth reached its highest level since May 2022, while new orders expanded at the fastest pace in over four years, fueled by a sharp increase in new export orders, the strongest since early 2022. This surge was largely driven by client stockpiling due to concerns over product availability, supply chain disruptions, and price pressures linked to the Middle East conflict. Input buying also rose at the steepest rate since June 2022, while employment levels saw a slight increase and vendor delivery times lengthened at the greatest rate since March 2025. On the price front, input costs rose at the fastest pace in over three-and-a-half years, with fuel and freight transportation costs contributing to the upward pressure. Finally, business optimism improved to a 16-month high. source: S&P Global

Manufacturing PMI in Canada increased to 53.30 points in April from 50 points in March of 2026. Manufacturing PMI in Canada averaged 51.99 points from 2011 until 2026, reaching an all time high of 58.90 points in March of 2022 and a record low of 33.00 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.

Manufacturing PMI in Canada increased to 53.30 points in April from 50 points in March of 2026. Manufacturing PMI in Canada is expected to be 50.10 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 52.00 points in 2027, according to our econometric models.



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Changes in Inventories -10099.00 13364.00 CAD Million Dec 2025
Corporate Profits 150155.00 151381.00 CAD Million Dec 2025
Corruption Index 75.00 75.00 Points Dec 2025
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Crude Oil Rigs 82.00 120.00 Apr 2026
Industrial Production -1.20 -2.10 percent Feb 2026
Industrial Production Mom -0.10 0.00 percent Feb 2026
Manufacturing Production -3.10 -4.20 percent Feb 2026
Manufacturing Sales MoM 3.50 3.60 percent Mar 2026
Mining Production 3.60 0.30 percent Feb 2026
New Orders 73776787.00 69175318.00 CAD Thousand Feb 2026
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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 is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Canada Manufacturing Growth Strongest Since 2022
The S&P Global Canada Manufacturing PMI rose to 53.3 in April 2026 from 50.0 in March, marking the strongest improvement in business conditions since June 2022. Production growth reached its highest level since May 2022, while new orders expanded at the fastest pace in over four years, fueled by a sharp increase in new export orders, the strongest since early 2022. This surge was largely driven by client stockpiling due to concerns over product availability, supply chain disruptions, and price pressures linked to the Middle East conflict. Input buying also rose at the steepest rate since June 2022, while employment levels saw a slight increase and vendor delivery times lengthened at the greatest rate since March 2025. On the price front, input costs rose at the fastest pace in over three-and-a-half years, with fuel and freight transportation costs contributing to the upward pressure. Finally, business optimism improved to a 16-month high.
2026-05-01
Canada Factory Activity Stagnates in March
The S&P Global Canada Manufacturing PMI fell to 50.0 in March 2026 from 51.0 in the previous month signalling a stagnation of manufacturing sector performance and ending a two-month period of improvement. Output declined for the first time in 2026 as new order volumes returned to contraction with high prices and ongoing headwinds from US tariffs continuing to weigh on export sales. Consequently subdued trends in orders led to a marginal net fall in staffing levels for the first time in three months as firms adjusted operational capacity and showed a reluctance to replace leavers. Meanwhile input price inflation accelerated to its highest level since last August driven by rising fuel and supplier charges from the war in the Middle East though output charge inflation softened to a three-month low. Looking forward uncertainty caused by the conflict and persistent tariff concerns saw confidence in future output fall to a three-month low.
2026-04-01
Canada Factory Activity Rises to 13-Month High
The S&P Global Canada Manufacturing PMI rose to 51.0 in February 2026 from 50.4 in the previous month, marking the second month of improvement and recording a 13-month high. Output stabilised in the period even as new order inflows returned to growth for the first time in over a year, with domestic demand helping to offset a sustained decline in export sales amid ongoing headwinds from US tariffs. Consequently, improved order books gave way to the fastest rise in staffing levels for 13 months, as firms boosted capacity in response to greater workloads and expansion plans. Meanwhile, input price inflation accelerated to a six-month high, driven by rising costs for steel and aluminum, and pushed firms to raise their output charges to the greatest degree since March 2025. Looking forward, confidence in future output improved to the highest level since December 2024.
2026-03-02