CA Manufacturing PMI

Operating conditions in Canada’s manufacturing economy continued to deteriorate during August, albeit only marginally and to the softest degree since March. This reflected slower falls in both output and new orders. However, there was a return to modest job shedding following marginal growth in July. Shipping delays, especially related to ocean freight, led to another deterioration in vendor performance. On the price front, input cost inflation accelerated to its sharpest since April 2023, helping to drive the steepest increase in ...

July marked a challenging month for the Canadian manufacturing economy with the health of the sector deteriorating to the steepest degree since December. Output and new orders both fell at sharper rates amid reports of challenging market conditions. Supply chain delays were also noted, whilst firms reduced their purchasing activity and reported a fall in sentiment to its lowest level since May 2020. On the prices front, cost inflation remained solid but well below trend. Charges rose only marginally. The seasonally adjusted S&P ...

Canada’s manufacturing economy experienced a further deterioration in operating conditions during June, according to the latest PMI® data from S&P Global. Both output and new orders declined, whilst firms registered a mild drop in employment – the first reduction in net staffing levels since January. Purchasing activity was cut to a stronger degree, whilst firms experienced unexpected growth in their inventory levels. Confidence in the future was the lowest of the year so far. Meanwhile, price pressures were broadly contained, with ...

Canada’s manufacturing sector experienced another subdued performance in May. Output and new orders both continued to fall, and at faster rates, whilst firms cut their buying activity given sufficient stock at their plants. More positive however was a rise in employment and a strengthening of confidence to a ten-month high. Prices data showed another solid increase in input costs but the slowest increase in output charges for nearly four years. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®) ...

The performance of Canada’s manufacturing economy continued to worsen in April as output and new orders both fell again. Firms cut their purchasing activity in response and sought to utilise inventories instead. However, efforts to keep on top of workloads led to some marginal employment growth as manufacturers retained some confidence in the outlook. Price indices both shifted upwards in April. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ IndexTM (PMI®) signalled another deterioration in operating ...

Operating conditions in Canada’s manufacturing economy remained subdued in March. Output and new orders both continued to fall, albeit at marginal rates. Firms continued to focus on destocking, whilst reports of supply chain delays led to a firmer increase in input prices. However, confidence in the 12-month outlook improved, leading firms to add to their staffing levels for a second successive month. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ IndexTM (PMI®) remained below the crucial 50.0 no-change ...

Canada’s manufacturing downturn slowed in February. Both output and new orders fell only slightly, and employment rose as firms remained confident in the outlook. That said, there were further cuts to purchasing and inventories. Price trends meanwhile showed an accelerated rate of cost inflation. Output charges rose in response, but at the slowest pace since June 2023. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ IndexTM (PMI®) remained below the crucial 50.0 no-change mark in February. It was the ...

The downturn of Canada’s manufacturing sector was extended into the start of 2024 with concurrent falls seen in output, new orders, and employment. However, rates of decline softened since December, whilst confidence in the future improved. Latest prices data also showed weaker rates of both input and output price inflation despite reports of shipping delays caused by the crisis in the Red Sea. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®), a composite singlefigure indicator of ...