The Toronto skyline in Canada

Canada PMI April 2023

Canada: Manufacturing PMI rises in April

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose from 48.6 in March to 50.2 in April. As a result, the index moved above the 50.0 no-change threshold, signaling improving manufacturing sector operating conditions compared to the previous month.

Aprils reading reflected increases in output and employment. However, new orders and exports declined, spending by firms was muted, and business sentiment ebbed. While input price pressures increased, output prices rose at the weakest pace in nearly three years. As a result, despite the uptick, April’s reading shows that manufacturing firms continue to struggle; the sector’s rocky performance contrasts with ongoing robust services activity.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest