The Toronto skyline in Canada

Canada PMI January 2020

Canada: Manufacturing PMI posts a modest increase in January

In January, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) inched up to 50.6 from 50.4 in December. January’s PMI reading recovered slightly from December’s four-month low, and also remaied above the neutral 50-threshold, therefore signaling an improvement in manufacturing operating conditions from the previous month.

January’s outturn reflected a meager expansion in output, and was likely due to subdued foreign demand as new export orders fell for the fourth consecutive month in January. Headcounts also fell in January—the first time since April 2019—and likely tied to temporary factors such as the shutdown of Ontario’s century-old General Motors auto factory in mid-December.

Going forward, a positive developments on the US.-China trade front, a rebound in demand from Chinese firms for Canadian manufactured goods and the probable ratification of the USMCA should support the manufacturing sector this year.

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