Next release
Released monthlyJul 2, 2026 13:30 UTC
in 10 days
Latest result
The most recent Canada Manufacturing PMI (Jun 1, 2026, May) printed 52.9 versus 52 expected (previous 53.3) — above forecast, positive for the CAD.
What it measures
This is a monthly survey of Canadian factory managers, asking whether activity, orders and hiring are rising or falling. A reading above 50 means the sector is growing, below 50 means it is shrinking.
The Canadian dollar moves on the Bank of Canada's rate path, and this survey is a timely read on the economy that feeds into it. Higher rates reward holding the Canadian dollar, so a reading comfortably above 50, or a beat, suggests momentum and can support the Canadian dollar, while a drop below 50 or a miss points to weakness and can soften it. Manufacturing is the smaller, more cyclical part of most modern economies, so it moves the currency less than the services survey.
What a higher or lower Canada Manufacturing PMI means for the CAD
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CAD.
Higher than forecast
An actual above the 50.1 forecast is typically bullish for the CAD.
Lower than forecast
An actual below the 50.1 forecast is typically bearish for the CAD.
Release history
Every release of Canada Manufacturing PMI: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
| Release | Actual | Forecast | Previous | Outcome |
|---|---|---|---|---|
| Jun 1, 2026 · May | 52.9 | 52 | 53.3 | above |
| May 1, 2026 · Apr | 53.3 | 48.5 | 50.0 | above |
| Apr 1, 2026 · Mar | 50.0 | 49.2 | 51.0 | above |
| Mar 2, 2026 · Feb | 51.0 | 50.7 | 50.4 | above |
| Feb 2, 2026 · Jan | 50.4 | 48.9 | 48.6 | above |
Frequently asked questions
- What is Canada Manufacturing PMI?
- This is a monthly survey of Canadian factory managers, asking whether activity, orders and hiring are rising or falling. A reading above 50 means the sector is growing, below 50 means it is shrinking.
- What was the latest Canada Manufacturing PMI reading?
- The most recent release (Jun 1, 2026, May) came in at 52.9, versus a forecast of 52 and a previous 53.3 — above expectations.
- When is the next Canada Manufacturing PMI?
- The next Canada Manufacturing PMI is scheduled for Jul 2, 2026. It is released monthly.
- What happens to the CAD if Canada Manufacturing PMI is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the CAD, while a reading below forecast is bearish for the CAD. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CAD.
- How does Canada Manufacturing PMI affect the CAD?
- The Canadian dollar moves on the Bank of Canada's rate path, and this survey is a timely read on the economy that feeds into it. Higher rates reward holding the Canadian dollar, so a reading comfortably above 50, or a beat, suggests momentum and can support the Canadian dollar, while a drop below 50 or a miss points to weakness and can soften it. Manufacturing is the smaller, more cyclical part of most modern economies, so it moves the currency less than the services survey.