Canada CAD

Canada RBC Manufacturing PMI

Impact:
Medium
Source: Markit Economics

Latest Release:

Date:
Surprise:
0.2
| CAD
Actual:
49.2
Forecast: 49
Previous/Revision:
49.1
Period: Jun
What Does It Measure?
The Canada RBC Manufacturing PMI measures the health of the Canadian manufacturing sector by surveying purchasing managers across the industry. It primarily focuses on production levels, new orders, supplier deliveries, and inventory changes, which are crucial indicators of the sector's economic performance and overall business conditions.
Frequency
The report is released on a monthly basis, typically on the first business day of the month, and provides a preliminary estimate that may be revised in subsequent reports.
Why Do Traders Care?
Traders monitor the Canada RBC Manufacturing PMI closely because it serves as a leading indicator of economic activity, particularly in manufacturing, which can influence currency valuations such as CAD and investor sentiment in equities. Stronger-than-expected data can boost the Canadian dollar and equities as it signifies growth, while weaker figures may lead to bearish market reactions.
What Is It Derived From?
The PMI is derived from a survey of purchasing managers in the manufacturing sector, where they assess factors like new orders, production levels, and supplier performance. This data is aggregated into a diffusion index, where a value above 50 indicates expansion while below 50 signals contraction, ultimately providing insights into industry trends.
Description
The Canada RBC Manufacturing PMI is based on the responses from survey participants regarding changes in business conditions compared to the previous month, providing insights into production, employment, and new orders. A reading above 50 indicates a growing manufacturing sector, whereas a reading below indicates a shrinking sector, making it pivotal for understanding economic directions.
Additional Notes
This indicator is considered a leading economic measure as it provides insights into future manufacturing activity and overall economic health. It can serve as a useful comparison against other indicators such as GDP growth rates or global PMI reports, allowing for a comprehensive view of both domestic and international economic conditions.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CAD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Jul 02, 2019
49.2
 49
49.1
 0.2
Jun 03, 2019
49.1
 49.8
49.7
 -0.7
May 01, 2019
49.7
 51.5
50.5
-1.8
Apr 01, 2019
50.5
 52.8
52.6
-2.3
Mar 01, 2019
52.6
 52.8
53
 -0.2
Feb 01, 2019
53
 53.9
53.6
 -0.9
Jan 02, 2019
53.6
 54
54.9
 -0.4
Dec 03, 2018
54.9
 53.98
53.9
 0.92
Nov 01, 2018
53.9
 54.5
54.8
 -0.6
Oct 01, 2018
54.8
 56.6
56.8
-1.8
Sep 04, 2018
56.8
 57.1
56.9
 -0.3
Aug 01, 2018
56.9
 57.5
57.1
 -0.6
Jul 03, 2018
57.1
 55.4
56.2
1.7
Jun 01, 2018
56.2
 55.4
55.5
 0.8
May 01, 2018
55.5
 55.9
55.7
 -0.4
Apr 02, 2018
55.7
 55
55.6
 0.7
Mar 01, 2018
55.6
 55.8
55.9
 -0.2
Feb 01, 2018
55.9
 54.8
54.7
1.1
Jan 02, 2018
54.7
 54.2
54.4
 0.5
Dec 01, 2017
54.4
 54.7
54.3
 -0.3
Nov 01, 2017
54.3
 55.2
55
 -0.9
Oct 02, 2017
55
 54.9
54.6
 0.1
Sep 01, 2017
54.6
 55.4
55.5
 -0.8
Aug 01, 2017
55.5
 54.4
54.7
 1.1
Jul 04, 2017
54.7
 54
55.1
 0.7
Jun 01, 2017
55.1
 55.8
55.9
 -0.7
May 01, 2017
55.9
 55.3
55.5
 0.6
Apr 03, 2017
55.5
 54.4
54.7
 1.1
Mar 01, 2017
54.7
 53.51
53.5
 1.19
Feb 01, 2017
53.5
 51.7
51.8
1.8
Jan 03, 2017
51.8
 51.5
51.5
 0.3
Dec 01, 2016
51.5
 51.9
51.1
 -0.4
Nov 01, 2016
51.1
 52
50.3
 -0.9
Oct 03, 2016
50.3
 51.5
51.1
 -1.2
Sep 01, 2016
51.1
 51.5
51.9
 -0.4
Aug 02, 2016
51.9
 51.78
51.8
 0.12
Jul 04, 2016
51.8
 51.63
52.1
 0.17
Jun 01, 2016
52.1
 50
52.2
2.1
May 02, 2016
52.2
 51.32
51.5
 0.88
Apr 01, 2016
51.5
 49.33
49.4
2.17
Mar 01, 2016
49.4
 50
49.3
 -0.6
Feb 01, 2016
49.3
 47.47
47.5
1.83
Jan 04, 2016
47.5
 49.23
48.6
-1.73
Dec 01, 2015
48.6
 48.51
48
 0.09
Nov 02, 2015
48
 48.5
48.6
 -0.5
Oct 01, 2015
48.6
 49.29
49.4
 -0.69
Sep 01, 2015
49.4
 50.49
50.8
-1.09
Aug 04, 2015
50.8
 51
51.3
 -0.2
Jul 02, 2015
51.3
 49.9
49.8
1.4
Jun 01, 2015
49.8
 50.55
49
 -0.75
May 01, 2015
49
 49.94
48.9
 -0.94