The Toronto skyline in Canada

Canada PMI November 2021

Canada: Manufacturing PMI ticks down slightly in November

In November, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) dipped to 57.2 from October’s 57.7. Consequently, the index remained above the neutral 50-threshold, but signaling a marginally weaker improvement in manufacturing operating conditions from the previous month.

In November, the PMI suggested momentum in manufacturing sector activity moderated modestly from the previous month due to a slightly softer expansion in new orders, while the increase in output rose at the strongest pace in three months. Moreover, supplier delivery times increased due to supply chain disruptions and shortages of goods. On the price front, output and input prices increased at an elevated rate.

Commenting on the latest print reading, Shreeya Patel, an economist at IHS Markit, noted:

“Overall, Canada’s manufacturing sector performed well in November. Growth has certainly been hindered by transportation bottlenecks, material scarcity and intense cost pressures, but firms remain confident that such issues will subside in 2022.”

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