Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada
Growth rate same period previous year, Quarterly, Seasonally Adjusted
CANMABMM301GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.99
Year-over-Year Change
-22.96%
Date Range
1/1/1971 - 10/1/2024
Summary
This economic trend measures the year-over-year growth rate of Canadian manufacturing sales on a quarterly, seasonally adjusted basis. It provides insights into the production output and economic health of the Canadian manufacturing 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
The growth rate same period previous year, Quarterly, Seasonally Adjusted series tracks the percentage change in Canadian manufacturing sales compared to the same quarter of the previous year. This metric is widely used by economists and policymakers to analyze manufacturing activity and its contribution to the broader Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada through surveys of Canadian manufacturing establishments.
Historical Context
This trend is closely monitored by the Bank of Canada and other institutions to inform economic policy decisions and market analysis.
Key Facts
- Canada's manufacturing sector accounts for over 10% of GDP.
- Quarterly manufacturing sales growth averaged 2.5% from 2010-2020.
- The COVID-19 pandemic caused a sharp contraction in Canadian manufacturing output in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in Canadian manufacturing sales on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sales growth rate is a key indicator of the health and performance of the Canadian economy, providing insights into production, investment, and employment trends.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through monthly surveys of Canadian manufacturing establishments and then seasonally adjusted.
Q: How is this trend used in economic policy?
A: The Bank of Canada and other policymakers closely monitor this metric to assess manufacturing sector conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released by Statistics Canada with a lag of approximately 2 months after the end of each quarter. There may also be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (CANMABMM301GYSAQ), retrieved from FRED.