Purchasing managers' indexClick image to enlarge

The IHS Markit Canada manufacturing Purchasing Managers’ Index (PMI) has recorded the slowest growth in manufacturing production since December 2016.

Canadian manufacturers reported a loss of momentum at the start of 2019, with output and new business growth falling from the peaks seen last summer. Export sales remained particularly subdued in January, with a marginal fall in new work from overseas.

However, a more positive note was struck by a strong pace of job creation and slower input cost inflation during the latest survey period.

The headline seasonally adjusted PMI declined from 53.6 in December to 53.0 in January. Although this is still above the crucial 50.0 no-change threshold, the latest reading pointed to the weakest improvement in overall business conditions since December 2016.

The latest survey indicated the slowest rise in production volumes for 25 months during January. Anecdotal evidence suggested that a general slowdown in client demand held back output growth at the start of 2019.

Data for January showed only a moderate rise in new work received by manufacturing companies. The rate of new business growth eased for the second month running and was the weakest since October 2016. And new export orders fell in January, albeit only slightly. Survey respondents noted that ongoing global trade frictions had dampened business confidence and contributed to more cautious spending by clients.

More data available here.

Canada's manufacturing recovery continues

August was another positive month overall for Canadian manufacturing’s recovery, as new orders and output both increased solidly, according to IHS Markit’s Purchasing Managers’ Index (PMI).

Modig, Seco sign development partnership

Modig Machine Tool, Virserum, Sweden, has signed a multi-year agreement with Seco Tools, Fagersta, Sweden, for development of next generation machine tools. 

Growth for Canada's aerospace sector

The Canadian aerospace sector is set for production growth in 2017, according to an industry outlook report from The Conference Board of Canada, "Canadian Industrial Outlook: Canada's Aerospace Manufacturing Industry."

Canadian auto suppliers get opportunity at Magna

Canadian automotive suppliers will have an opportunity to present their capabilities to Magna International on June 24 during the Canadian Innovation Fair at Magna's Troy, MI, facility.

Interested suppliers were asked to submit their applications earlier in June and were contacted by APMA if they had been selected.

The Consulate General of Canada in partnership with the Automotive Parts Manufacturers' Association (APMA) are being given an opportunity to showcase Canadian automotive capabilities at Magna's US facility. Canadian suppliers who apply for the opportunity, will be given the chance to meet with the company's purchasing and engineering managers.

Magna says it's interested in learning about new products, processes, materials or other innovations in the following areas: connected car (e.g. software, advanced camera vision); powertrain (e.g. alternate propulsion technologies); lightweighting (e.g. laser welded blanks, joining technologies); interior and seating systems; testing/production/material handling; and safety systems.

For more information, visit APMA online.

Renishaw showcases additive capabilities

Renishaw Canada's Solutions Centre for Additive Manufacturing is designed to providing leading edge solutions on a disruptive tecnhology that's changing the world of manufacturing. And to showcase its offerings, the company has released a video.

Multi-day open house for fiber laser

Access Machinery held a multi-day open house to showcase the Baykal fiber laser cutting machine. Access Machinery, the Canadian distributor for the Turkish-built machine, debut the technology for the first time in Canada last year.

$372.5 M for Bombardier to boost manufacturing, R&D

Bombardier will receive $372.5 million in repayble contributions from the Government of Canada to help support jobs, manufacturing and research and development activities in the country.

Ontario auto parts manufacturers to receive $1.4 M in funding

Twenty Ontario automotive parts manufacturing will be receiving $1.4 million in funding from the Automotive Supplier Competitiveness Improvement Program (ASCIP).

Mazak expands spindle rebuild centre

Mazak has announced that it is expanding and updating the Spindle Rebuild Department at its Kentucky Manufacturing Campus.

Lincoln expands automation capabilities with acquisition

LIncoln Electric Co., Cleveland, OH, has acquired intellectual property related to laser welding and marking systems produced by Process Equipment Co. (PECo) of Tippo City, OH. The company's Wayne Trail subsidiary, which produces laser welding, cutting, ablation, cladding and marking systems, will service and support the installed base of PECo laser welding and marketing systems.

Creaform now an ISO/IEC 17025 accredited lab

Creaform, a Levis, QC, supplier of portable 3D measurement solutions, has received the ISO/IEC 17025:2005 accreditation from the American Association for Laboratory Accreditation (A2LA).

Sandvik supports Innovative Manufacturing program at Saskatchewan Polytechnic

Cutting tool and tooling systems provider Sandvik Coromant has announced continued support of Saskatchewan Polytechnic’s Innovative Manufacturing program.

Management changes at Renishaw (Canada)

Renishaw (Canada) Ltd. has undergone some management changes. Philip Smith is the new vice president of sales and marketing at Renishaw (Canada) Ltd.

GM to offer IoT services to OnStar-enabled fleets

Connected vehicle technology company Fleet Complete and General Motors are partnering to bring IoT-enabled services to OnStar-equipped fleet vehicles in Canada.

Rego-Fix opens new US facility

Rego-Fix Tool Corp. opened its new 1,858 sq m (20,000  sq ft) facility in Whitestown, IN, on May 5. with a ribbon cutting ceremony. The new operation is designed to strengthen customer support in North America.

Stay In Touch

twitter facebook linkedIn