Canadian Manufacturing Barometer

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Business outlook Q3 2011 – November 2011

In this issue, 38 Canadian-based industrial manufacturing leaders discuss their business performance, the state of the economy and expectations for growth over the next 12 months.

Overall, respondents remain uncertain rather than optimistic about prospects for the Canadian and world economies over the next 12 months. Own-company revenue forecasts were reasonably high for this calendar year and off only slightly for the upcoming 12 months. International sales in the third quarter were up, and sales from the US and abroad are expected to contribute over two-thirds of next year’s revenue.

In the upcoming year, Canada will see an influx of major new investments of capital, as well as new plans for hiring (unlike their US peers). Concern about legislation/regulatory pressures is the chief potential barrier to growth, followed by oil/energy prices. Lack of demand is a concern for less than a majority of Canadian industrial manufacturers.

Key findings include:

  • Moderate optimism while the majority remain uncertain
  • Sustained revenue projections
  • International sales trend up
  • Positive spending and investment trends
  • New hiring plans
  • Various barriers to growth
  • Strong margins whereas cost and prices are rising

Download the attached PDF for more details.