Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Canada
CANBSCICP02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-24.20
Year-over-Year Change
-150.52%
Date Range
7/1/1998 - 4/1/2025
Summary
The Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Canada measures the overall confidence and sentiment of Canadian manufacturers. This metric provides valuable insights into the health and outlook of the country's industrial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This survey-based indicator tracks the composite view of Canadian manufacturing firms, including their assessments of current business conditions and expectations for the future. It is a closely watched gauge of the strength and direction of the Canadian economy.
Methodology
The data is collected through regular surveys of a representative sample of Canadian manufacturing companies.
Historical Context
Policymakers and analysts use this indicator to inform decisions and interpretations about the broader Canadian economy.
Key Facts
- The indicator is a composite of several survey questions.
- Values above 50 signal expanding manufacturing activity.
- The indicator is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall confidence and sentiment of Canadian manufacturing firms, based on their assessments of current business conditions and future expectations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and outlook of Canada's industrial sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of a representative sample of Canadian manufacturing companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to inform decisions and interpretations about the strength and direction of the Canadian economy.
Q: Are there update delays or limitations?
A: The indicator is released monthly by Statistics Canada with minimal delays.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Canada (CANBSCICP02STSAQ), retrieved from FRED.