Monetary Aggregates and Their Components: Broad Money and Components: M3 for Canada
Index 2015=100, Quarterly, Seasonally Adjusted
CANMABMM301IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.46
Year-over-Year Change
20.90%
Date Range
1/1/1970 - 4/1/2023
Summary
This economic indicator tracks the quarterly, seasonally adjusted index of manufacturing output in Canada, with a base year of 2015. It serves as a key measure of the overall health and production levels 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 Canadian Manufacturing Output Index provides a comprehensive view of manufacturing activity and output levels across the country. It is a widely followed economic indicator used by policymakers, analysts, and businesses to assess the performance and trends within the Canadian industrial economy.
Methodology
The index is calculated by Statistics Canada based on survey data collected from manufacturing establishments.
Historical Context
The manufacturing output index is closely monitored for its implications on economic growth, industrial productivity, and policy decisions.
Key Facts
- The base year for the index is 2015.
- The index is reported on a quarterly, seasonally adjusted basis.
- Manufacturing accounts for over 10% of Canada's GDP.
FAQs
Q: What does this economic trend measure?
A: The Canadian Manufacturing Output Index measures the quarterly, seasonally adjusted level of manufacturing production and activity in Canada, with a base year of 2015.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing output index is a crucial indicator of the health and performance of the Canadian industrial economy, providing insights into production levels, productivity, and broader economic trends.
Q: How is this data collected or calculated?
A: The index is calculated by Statistics Canada based on survey data collected from manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: The manufacturing output index is closely monitored by policymakers, economists, and businesses to assess the state of the Canadian economy and inform decisions on monetary and fiscal policies, as well as business strategies.
Q: Are there update delays or limitations?
A: The index is reported on a quarterly basis, with a potential delay of several weeks between the end of the quarter and the release of the data.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (CANMABMM301IXOBSAQ), retrieved from FRED.