Canada Manufacturing PMI

The IHS Markit Canada Manufacturing PMI fell to 49.1 in August 2019 from 50.2 in the previous month. The latest reading pointed to a contraction in factory activity, as new orders dropped for the sixth consecutive month and at the steepest pace since December 2015. In addition, export orders declined mostly due to softer economic growth in the US and worsening automotive sector business conditions. Also, the job creation rate slowed due to less upbeat growth expectations and lower levels of purchasing activity have been recorded in five of the past six months, reflecting falling production and efforts to streamline inventories. On the price front, input cost inflation eased to an over seven-year low mainly due to raw materials prices in particular steel and output cost inflation rose at the slowest rate since October 2016. Finally, optimism weakened to a three-and-a-half year low amid worries regarding US-China trade war and global economic uncertainty. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 52.00 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 53.00 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	60.60	54.20	75.00	36.10	Index Points	[+]
Manufacturing PMI	49.10	50.20	57.10	47.50		[+]
Industrial Production	1.44	2.87	10.26	-14.52	percent	[+]
Industrial Production Mom	-0.67	0.39	3.33	-3.50	percent	[+]
Manufacturing Production	-0.29	2.87	11.77	-17.31	percent	[+]
Capacity Utilization	83.30	81.10	87.30	72.70	percent	[+]
New Orders	56779434.00	59252906.00	63214073.00	14816411.00	CAD THO	[+]
Changes in Inventories	14022.00	19546.00	24252.00	-21563.00	CAD Million	[+]
Bankruptcies	250.00	212.00	872.00	177.00	Companies	[+]
Corporate Profits	90428.00	84357.00	97553.00	-758.00	CAD Million	[+]
Car Registrations	189850.00	206821.00	220436.00	19807.00	Units	[+]
Leading Economic Index	0.20	0.20	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	[+]
Wholesale Sales	0.60	-1.90	6.90	-5.30	percent	[+]
Steel Production	1120.00	970.00	1534.00	349.00	Thousand Tonnes	[+]
Mining Production	0.12	-1.51	23.15	-16.41	percent	[+]
Manufacturing Sales	-1.20	1.60	6.60	-9.20	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		[+]
Crude Oil Rigs	121.00	114.00	715.00	32.00		[+]
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 September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	49.10	50.20	57.10	47.50	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3