Production: Industry: Total Industry Excluding Construction for Canada
Growth rate same period previous year, Monthly, Seasonally Adjusted
CANPRINTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-185.56%
Date Range
1/1/1962 - 4/1/2025
Summary
The 'Growth rate same period previous year, Monthly, Seasonally Adjusted' metric measures the year-over-year change in industrial production in Canada. This key economic indicator provides insights into the pace of manufacturing and industrial activity.
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 time series tracks the growth rate of industrial production in Canada compared to the same month in the previous year. The metric is seasonally adjusted to account for regular fluctuations, allowing for clearer interpretation of underlying trends.
Methodology
The data is collected through surveys of Canadian manufacturing and industrial firms.
Historical Context
The industrial production growth rate is a closely watched indicator used by policymakers, analysts, and investors to gauge the health of the Canadian economy.
Key Facts
- Canada's industrial production grew 4.7% in January 2023 compared to January 2022.
- The metric reached a record high of 16.5% in April 2021 as the economy rebounded from the COVID-19 pandemic.
- Industrial production accounts for about 17% of Canada's total economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly, Seasonally Adjusted' metric measures the year-over-year change in industrial production in Canada, providing insights into the pace of manufacturing and industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a closely watched indicator used by policymakers, analysts, and investors to gauge the health of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian manufacturing and industrial firms.
Q: How is this trend used in economic policy?
A: The industrial production growth rate is used by policymakers, economists, and market participants to assess the overall state of the Canadian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical release lag of around 6-8 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (CANPRINTO01GYSAM), retrieved from FRED.