ManufacturingClick image to enlarge

The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) for May reached the highest level in over seven years.

The index reached 56.2, up from 55.5 in April, indicating the strongest overall improvement in business conditions since April 2011.

The manufacturing sector experienced a strong improvement in business conditions during May, underpinned by a faster rise in new business volumes. Export sales were a key driver of growth, with the latest increase in new work from abroad the steepest seen since March 2011.

Output, new orders and employment all recorded “robust” increases, and input cost inflation accelerated at the steepest rate since March 2014. Sustained rises in manufacturing workloads led to capacity pressures and another round of robust job creation. There were also widespread reports that supply chain constraints had led to delays in the receipt of raw materials. Meanwhile, worsening vendor performance and expected rises in input costs resulted in the sharpest pace of stock accumulation for six years in May.

Similar Articles

Near-record growth for MAG: US $1.6 B in 2011

In the ongoing good-news story about the manufacturing sector, MAG's global results indicate that the resurgence isn't just a North American one. MAG IAS (MAG Americas) and MAG Europe reports near-record growth in bookings and sales in 2011 and year-end bookings are expected to reach close to US $1.6 billion for the combined companies.

Big turnout for BC machine tool open house

In yet another sign that the manufacturing industry is in revival mode, 300 people attended an open house at Thomas Skinner's Vancouver, BC, branch, "the best turn-out in years," says Don Babineau, vice president of operations.

Bombardier forecast: 24,000 deliveries; $626 B revenue

Bombardier sees a bright horizon for its business aircraft business. It predicts it will deliver 24,000 jets worth $626 billion in its 20-year industry delivery forecast.

Manufacturing in 2012 and beyond

There are some people that think manufacturing is somehow an archaic industry that must be replaced by better industries in growing sectors such as information technology or resources.

Stay In Touch

twitter facebook linkedIn