Canada Manufacturing PMI

The IHS Markit Canada Manufacturing PMI decreased to 53 in January of 2019 from 53.6 in the previous month, pointing to the slowest growth in factory activity since December of 2016. New business growth eased for the second straight month and was the weakest since October 2016. Moreover, new export orders fell slightly in January. On the other hand, a strong rate of employment growth was maintained across the manufacturing sector on the back of long-term business expansion plans and hopes of a rebound in demand over the course of 2019. On the price front, input cost inflation moderated to a 17-month low in January while factory gate charges increased at a slightly faster pace than in December. Looking ahead, business optimism rose to the highest since August 2018 amid hopes that global trade conditions would start to improve. Across regions, manufacturing activity marked loss of momentum Alberta & British Columbia while the fastest growth was seen in Quebec and Ontario. Manufacturing PMI in Canada is reported by Markit Economics.

Manufacturing PMI in Canada is expected to be 55.40 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 54.00 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	54.70	59.70	75.00	36.10	Index Points	[+]
Manufacturing PMI	53.00	53.60	57.10	47.50		[+]
Industrial Production	4.20	2.10	10.26	-14.52	percent	[+]
Industrial Production Mom	0.65	-0.87	3.33	-3.50	percent	[+]
Manufacturing Production	3.32	2.44	11.77	-17.31	percent	[+]
Capacity Utilization	82.60	84.10	87.30	72.70	percent	[+]
New Orders	56982776.00	57640833.00	62768223.00	14816411.00	CAD THO	[+]
Changes in Inventories	6608.00	13540.00	21415.00	-18847.00	CAD Million	[+]
Bankruptcies	237.00	240.00	872.00	177.00	Companies	[+]
Corporate Profits	85053.00	76692.00	85053.00	-758.00	CAD Million	[+]
Car Registrations	118185.00	149239.00	220436.00	19807.00	Units	[+]
Leading Economic Index	-0.10	0.30	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	1150.00	1125.00	1534.00	349.00	Thousand Tonnes	[+]
Mining Production	4.96	1.91	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 February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	53.00	53.60	57.10	47.50	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	52.50	Jan/19	50	62.5 : 29.47
Brazil	52.70	Jan/19	52.6	53.5 : 41.6
Canada	53.00	Jan/19	53.6	57.1 : 47.5
China	48.30	Jan/19	49.7	52.3 : 47.2
Euro Area	50.50	Jan/19	51.4	60.6 : 33.5
France	51.20	Jan/19	49.7	58.8 : 42.7
Germany	49.70	Jan/19	51.5	63.3 : 32
India	53.90	Jan/19	53.2	55 : 47.9
Indonesia	49.90	Jan/19	51.2	58.5 : 46.4
Italy	47.80	Jan/19	49.2	59 : 47.8
Japan	50.30	Jan/19	52.6	56.2 : 29.6
Mexico	50.90	Jan/19	49.7	57.1 : 49.2
Netherlands	55.10	Jan/19	57.2	63.4 : 48
Russia	50.90	Feb/19	51.7	54.7 : 47.6
Saudi Arabia	56.20	Jan/19	54.5	61.8 : 51.4
Singapore	50.70	Jan/19	51.1	53.1 : 48.3
South Africa	49.90	Jan/19	50.7	60.87 : 35.09
South Korea	48.30	Jan/19	49.8	52.6 : 45.7
Spain	52.40	Jan/19	51.1	56.1 : 41.1
Switzerland	54.30	Jan/19	57.5	66.9 : 32.8
Turkey	44.20	Jan/19	44.2	55.7 : 42.7
United Kingdom	52.80	Jan/19	54.2	61.5 : 34.4
United States	54.90	Jan/19	53.8	57.9 : 50.7