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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada S&P Global Services PMI climbed to 50.6 in May 2026
FMPMonthlyReleased June 2026
Canada S&P Global Services PMI climbed to 50.6 in May 2026, released June 2026, up 1.4 from April's 49.2 reading. The reading matched the 49.6 consensus.
Latest Release
50.600000
Actual
49.600000
Consensus
49.200000
Previous
Median Absolute Error
±2.39
across last 12 releases
Last Call
Jun 2026
Predicted: 49.6
Actual: 50.6
Error: -1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
S&P Global Services PMI (Canada) was reported at 50.60 in May 2026. This beat the market consensus of 49.60 by 1.00. The reading rose from the previous value of 49.20. Over the past 12 months, the indicator has averaged 47.60, ranging from 44.30 to 50.60 across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 47.63, up from the prior three at 47.10. Volatility over the past year (σ 2.10) is lower than the prior year (σ 2.79). In June readings over the past 3 years, S&P Global Services PMI has averaged 49.10.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/CAD (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 2.39.
WHAT TO WATCH NEXT
The next release is scheduled for July 6, 2026. Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Services PMI - CA
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About S&P Global Services PMI — Canada
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 50.6, consensus 49.6. Prior reading (Apr 2026): 49.2. Before that (Mar 2026): 47.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.