Canada Manufacturing PMI2011-2020 Data | 2021-2022 Forecast | Calendar | Historical

The IHS Markit Canada Manufacturing PMI increased to 40.6 in May 2020 from a record low of 33 in the previous month. Still, the latest reading pointed to the second sharpest contraction in factory activity since series began nearly ten years ago, amid the coronavirus crisis. Output declined at a softer pace due to a gradual reopening of manufacturing supply chains. New orders and export orders dropped at a slower rate, while the job shedding rate accelerated at a faster pace than at any time prior to the outbreak. Vendor performance deteriorated mostly due to low stocks, business closures and international shipping delays. On the price front, purchasing charges rose at the quickest pace since February, due to currency depreciation. Finally, sentiment improved from April’s record low, still the degree of optimism was only modest amid concerns that the pandemic would have a long-lasting impact on business operations.

The IHS Markit Canada Manufacturing PMI dropped to 33 in April from 46.1 in the previous month. The latest reading pointed to the sharpest contraction in factory activity since series began, amid business closures and lockdowns due to the coronavirus pandemic. Output and new orders declined at the fastest pace on record. Supplier delivery times lengthened steeply reflecting severe distress across global supply chains amid delays at international borders due to the fast-spreading virus. The job shedding rate accelerated to an all-time high; and stocks of finished goods went down to a survey-record low. On the price front, input cost inflation slowed to an over seven-and-a-half year low due to commodity prices and weak demand for raw materials; and output prices dropped for the first time in three-and-a-half years. Finally, sentiment deteriorated to its lowest level since July 2012, amid uncertainty over the length of showdowns and a slump in energy sector spending.

The IHS Markit Canada Manufacturing PMI fell to 46.1 in March 2020 from 51.8 in the previous month. The reading pointed to the steepest contraction in factory activity since series began, as the coronavirus pandemic hit the economy. Output dropped sharply due to reduced operating capacity and low demand amid emergency public health measures to halt the spread of the Covid-19. New orders declined at the quickest pace on record mainly among food producers and pharmaceuticals; and export sales fell mostly due to business shutdowns and closed borders due to the fast-spreading virus. Employment fell at the fastest rate on record as firms responded to lower demand and reduced production schedules. On the price front, input cost inflation rose boosted the currency depreciation against the US dollar; while output prices slowed to a five-month low. Finally, sentiment deteriorated to an all-time low.

The IHS Markit Canada Manufacturing PMI rose to 51.8 in February 2020 from 50.6 in the previous month. The reading pointed to the strongest expansion in factory activity in a year, as output increased for the sixth month in a row and at the fastest pace in three months and new orders advanced for the second consecutive month. Export orders rose for the first time since September, as greater demand from US clients helped to offset weaker spending in the Asia-Pacific region. Also, the job creation rate went up slightly after a fractional decline in employment in January. Meantime, delivery times from lengthened sharply amid rail transport blockades and delays with the receipt of items sourced from suppliers in China. On the price front, input cost inflation accelerated to a ten-month high and output prices advanced modestly. Lastly, sentiment remained positive, but slightly lower than in January.