Production: Industry: Total Industry Excluding Construction for Canada
CANPRINTO01MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,433,833,333.33
Year-over-Year Change
0.46%
Date Range
1/1/1961 - 10/1/2023
Summary
The 'Production: Industry: Total Industry Excluding Construction for Canada' series measures the total industrial production in Canada, excluding the construction sector. This metric provides insights into the overall health and performance of the Canadian manufacturing and processing industries.
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 economic indicator tracks the monthly production levels of the Canadian industrial sector, excluding construction. It is a key measure of economic activity and a leading indicator of the country's economic performance. Policymakers and analysts use this data to assess manufacturing trends and inform decision-making.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of industrial facilities.
Historical Context
The total industrial production trend is a valuable input for policymakers, economists, and market participants in understanding the state of the Canadian economy.
Key Facts
- The baseline year for the index is 2012 = 100.
- Data is released monthly by Statistics Canada.
- The index excludes the construction sector, focusing on manufacturing and processing industries.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Industry: Total Industry Excluding Construction for Canada' series measures the overall industrial production levels in Canada, excluding the construction sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of the Canadian manufacturing and processing industries, which are key drivers of the country's economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess manufacturing trends and inform decision-making, as it is a valuable indicator of the overall state of the Canadian economy.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Canada, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Canada (CANPRINTO01MLSAM), retrieved from FRED.