Canada Services PMI
Canada's Services PMI fell to 46.3 in September 2025, a three-month low. This is a 4.7% decrease from August's 48.6. The decline stems from reduced new business, especially exports and fewer outstanding orders. The manufacturing sector also contracted further in September. Ongoing trade policy uncertainty particularly U.S. tariffs, weighs on Canadian businesses, reducing manufacturing orders and employment. Despite these challenges, business leaders' optimism for future activity is at an 11-month high. Canada's record low Services PMI was 41.2 in March 2025 and record high was 51.3 in April 2023.
Monthly Historical Data (2022-2025)
(in points)Recent Events
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Canada Services PMI : Definition
The Canada Services PMI from S&P Global gauges the performance of the Canadian services sector. It is derived from surveys of service providers, covering business activity, new orders, employment and prices. An index value above 50 shows sector expansion while a value below 50 indicates contraction.