Production: Construction: Total for Canada
CANPRCNTO01MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,862,666,666.67
Year-over-Year Change
-0.37%
Date Range
1/1/1961 - 10/1/2023
Summary
The 'Production: Construction: Total for Canada' trend measures the total volume of construction activity in Canada. It is a key indicator of economic growth and investment in the Canadian economy.
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 series tracks the total volume of construction output in Canada, including residential, non-residential, and engineering construction. It is a widely-used metric for assessing the health and trajectory of the Canadian construction sector and broader economy.
Methodology
The data is collected through surveys of Canadian construction firms and project owners.
Historical Context
Policymakers and analysts monitor this trend to gauge investment and development activity across different regions and industries in Canada.
Key Facts
- Canada is the 10th largest construction market globally.
- Construction accounts for over 7% of Canada's GDP.
- The industry employs more than 1.4 million Canadians.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Canada' series measures the total volume of construction activity in Canada, including residential, non-residential, and engineering construction.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic growth and investment in Canada, as construction activity is closely tied to broader economic conditions and future development plans.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian construction firms and project owners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge investment and development activity across different regions and industries in Canada, which informs decisions on fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a lag of several weeks or months before becoming available.
Related Trends
M2, Alternate Definition 4 for Canada
MAM2A4CAM189S
Private Final Consumption Expenditure Implicit Price Deflator in Canada
CANPCEDEFQISNAQ
Insurance Company Assets to GDP for Canada
DDDI11CAA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada
CANCPIENGQINMEI
Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada
COCANZ3221
Total Credit to Households and NPISHs, Adjusted for Breaks, for Canada
QCAHAM770A
Citation
U.S. Federal Reserve, Production: Construction: Total for Canada (CANPRCNTO01MLSAM), retrieved from FRED.