Breaking News

Canada Manufacturing Purchasing Managers Index (PMI)

Latest Release

Nov 01, 2024

Actual

51.1

50.4

Manufacturing PMI is a diffusion index incorporating survey results conducted on manufacturing firms throughout Canada. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated. A reading that is stronger than forecast is generally supportive (bullish) for the CAD , while a weaker than forecast reading is generally negative (bearish) for the CAD.

Importance:

Country:

Currency: CAD

Source:

Release Date	Time	Actual	Forecast	Previous
Nov 01, 2024 (Oct)	13:30	51.1		50.4
Oct 01, 2024 (Sep)	13:30	50.4		49.5
Sep 03, 2024 (Aug)	13:30	49.5		47.8
Aug 01, 2024 (Jul)	13:30	47.8		49.3
Jul 02, 2024 (Jun)	13:30	49.3	50.2	49.3
Jun 03, 2024 (May)	13:30	49.3	50.2	49.4

Analysis

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