In December 2024, the seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) was 52.2, up 0.2 points from November, marking the highest reading in 22 months. Manufacturers reported an increase in new orders, output, and employment.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global
