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Canada Manufacturing PMI Hits 53.5, Highest Since 2022

8/5/2026

45 9 Full Breakdown

Summary

Story summary

Canada’s Manufacturing PMI rose to 53.5 in July 2026, the highest since June 2022.
The index climbed from 53 in June, marking a month of expansion as output grew and firms hired.
Export orders fell for a second month, blamed on tariffs and the Middle East war.
Input-price inflation hit a high amid shortages, while business confidence slipped to a four-month low and Paul Smith warned growth may be unsustainable.

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Story summary

Canada’s Manufacturing PMI rose to 53.5 in July 2026, the highest since June 2022.
The index climbed from 53 in June, marking a month of expansion as output grew and firms hired.
Export orders fell for a second month, blamed on tariffs and the Middle East war.
Input-price inflation hit a high amid shortages, while business confidence slipped to a four-month low and Paul Smith warned growth may be unsustainable.