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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada S&P Global Manufacturing PMI fell to 53 Points in August 2026
FMPMonthlyReleased September 2026
Canada S&P Global Manufacturing PMI fell to 53 Points in August 2026, released September 2026, down 0.5 Points from July's 53.5 Points reading. The reading matched the 52.7 Points consensus.
Latest Release
53.000000
Actual
52.700000
Consensus
53.500000
Previous
Median Absolute Error
±0.88
across last 12 releases
Last Call
Sep 2026
Predicted: 54.35
Actual: 53
Error: +1.35
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.32 | COMMODITIES | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.32 | CRYPTO | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.28 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Canada) was reported at 53.00 Points in August 2026. This beat the market consensus of 52.70 Points by 0.30 Points. The reading fell from the previous value of 53.50 Points. Over the past 12 months, the indicator has averaged 50.51 Points, ranging from 47.70 Points to 53.50 Points across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 53.13 Points, up from the prior three at 50.47 Points. Volatility over the past year (σ 1.95 Points) is lower than the prior year (σ 2.25 Points). In September readings over the past 3 years, S&P Global Manufacturing PMI has averaged 50.27 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.88 Points.
WHAT TO WATCH NEXT
The next release is scheduled for October 1, 2026. Same-country events in the next 14 days include New Housing Price Index MoM (Sep 23) and Retail Sales Ex Autos MoM (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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S&P Global Manufacturing PMI - CA
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About S&P Global Manufacturing PMI — Canada
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 53 Points, consensus 52.7 Points. Prior reading (Jul 2026): 53.5 Points. Before that (May 2026): 52.9 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - CA Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:15 | CA | Housing Starts | 229 | 229.4 | 240 | 234.50 | Medium |
| 12:30 | CA | Building Permits MoM | -17.3 | 18.3 | -6.4 | -11.85 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | Foreign Securities Purchases | 40.83 | 28.64 | 28.64 | Low | |
| 12:30 | CA | Producer Price Index MoM | 0.6 | 0 | -0.30 | Low | |
| 12:30 | CA | Producer Price Index YoY | 12.4 | 12.3 | 12.10 | Low | |
| 12:30 | CA | Raw Materials Prices MoM | -2.2 | 0.7 | 0.50 | Low | |
| 12:30 | CA | Raw Materials Prices YoY | 18.1 | 18.2 | 16.40 | Low | |
| Friday, September 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | CA | CFIB Business Barometer | 57.6 | 53 | 49.55 | Low | |