The S&P Global Canada Manufacturing PMI rose to 56.8 in May of 2022 from 56.2 in the previous period, marking the 23rd consecutive month of expansion. Sustained growth was seen both for output and new orders, driven by stronger demand for consumer goods, while respondents also cited favorable business conditions due to eased pandemic related restrictions. At the same time, Canadian manufacturers recorded a rise in employment levels, despite also seeing higher capacity pressures. On the price front, inflationary pressure continued to run well above the long-term average, as raw material scarcity and ongoing supply-chain disruptions lifted prices for metals, fuel, resin, transportation, and materials. Looking forward, inflationary concerns pressed business confidence to slightly moderate in May, offsetting greater consumer demand and expectations of new clients. source: Markit Economics

Manufacturing PMI in Canada averaged 52.95 points from 2011 until 2022, reaching an all time high of 58.90 points in March of 2022 and a record low of 33 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. Canada Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Manufacturing PMI in Canada is expected to be 58.00 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 53.00 points in 2023 and 52.00 points in 2024, according to our econometric models.

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Canada Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 56.80 56.20 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
56.80 56.20 58.90 33.00 2011 - 2022 points Monthly
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News Stream
Canada Factory Activity Growth Accelerates in May
The S&P Global Canada Manufacturing PMI rose to 56.8 in May of 2022 from 56.2 in the previous period, marking the 23rd consecutive month of expansion. Sustained growth was seen both for output and new orders, driven by stronger demand for consumer goods, while respondents also cited favorable business conditions due to eased pandemic related restrictions. At the same time, Canadian manufacturers recorded a rise in employment levels, despite also seeing higher capacity pressures. On the price front, inflationary pressure continued to run well above the long-term average, as raw material scarcity and ongoing supply-chain disruptions lifted prices for metals, fuel, resin, transportation, and materials. Looking forward, inflationary concerns pressed business confidence to slightly moderate in May, offsetting greater consumer demand and expectations of new clients.
2022-06-01
Canada Factory Activity Growth Slows in April
The S&P Global Canada Manufacturing PMI declined to 56.2 in April of 2022, from an all-time high of 58.9 in March, marking the 22nd month running of expansions. Production levels rose sharply, mostly for producers of consumer goods, followed by makers of investment and intermediate goods, respectively. Main upward pressure came from robust growth in new orders, with firms saying they could secure new domestic clients and higher sales abroad. Also, backlogs of work increased sharply as shortage of materials and trucks more than offset higher staffing levels, although firms complained of shortage of skilled workers. On the price front, input price inflation moderated from March’s peak, while the rise in selling charges accelerated to the 2nd fastest in the survey’s history. Lastly, business outlook moderated from March and stood below the long-term average, pressured by elevated cost pressures and uncertainty due to the geopolitical environment.
2022-05-02
Canada Manufacturing PMI at Record High
The IHS Markit Canada Manufacturing PMI rose to a fresh all-time high of 58.9 in March of 2022, from 56.6 in February, the 21st month in a row with the reading above the 50 threshold. Output, new orders, and employment rose faster, as good producers faced the strongest demand in a year, amid a combination of the lifting of COVID-19 rules, and concerns over both shortages and further price hikes. Also, the aforementioned issues, coupled with delivery delays prompted good producers to expand pre-production inventories at a record pace. Meanwhile, soaring transportation, metal, and fuel prices, as well as input shortages drove costs at an unprecedented rate, which also reflected in a record-breaking inflation rate for selling charges. Finally, manufacturers were more optimistic because of the further easing of restrictions and expectations of a return to normality.
2022-04-01