Canada Manufacturing PMI

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.

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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	Range
Australia	51.30	Nov/18	58.3	63.1 : 30.86
Brazil	52.70	Nov/18	51.1	53.5 : 41.6
Canada	54.90	Nov/18	53.9	57.1 : 47.5
China	50.20	Nov/18	50.1	52.3 : 47.2
Euro Area	51.40	Dec/18	51.8	60.6 : 33.5
France	49.70	Dec/18	50.8	58.8 : 42.7
Germany	51.50	Dec/18	51.8	63.3 : 32
India	54.00	Nov/18	53.1	55 : 47.9
Indonesia	50.40	Nov/18	50.5	58.5 : 46.4
Italy	48.60	Nov/18	49.2	59 : 48
Japan	52.40	Dec/18	52.2	56.2 : 29.6
Mexico	49.70	Nov/18	50.7	57.1 : 49.2
Netherlands	56.10	Nov/18	57.1	63.4 : 48
Russia	52.60	Nov/18	51.3	54.7 : 47.6
Saudi Arabia	55.20	Nov/18	53.8	61.8 : 51.4
Singapore	51.50	Nov/18	51.9	53.1 : 48.3
South Africa	49.50	Nov/18	42.4	60.87 : 35.09
South Korea	48.60	Nov/18	51	52.6 : 45.7
Spain	52.60	Nov/18	51.8	56.1 : 41.1
Switzerland	57.70	Nov/18	57.4	66.9 : 32.9
Turkey	44.70	Nov/18	44.3	55.7 : 42.7
United Kingdom	53.10	Nov/18	51.1	61.5 : 34.4
United States	53.90	Dec/18	55.3	57.9 : 50.7