Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada
CANPROCONMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.78
Year-over-Year Change
-3.31%
Date Range
1/1/1961 - 2/1/2024
Summary
The 'Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada' measures the output volume of the Canadian construction industry. This key metric provides insights into the health and momentum of 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 production volume of the Canadian construction industry, which includes residential, commercial, and infrastructure projects. The data is a useful indicator of overall economic activity and can inform policy decisions and investment strategies.
Methodology
The data is collected through surveys of Canadian construction firms.
Historical Context
This construction production volume metric is closely watched by policymakers, economists, and market analysts to assess the state of the Canadian economy.
Key Facts
- Canada is the world's tenth-largest construction market.
- Construction accounts for over 7% of Canada's GDP.
- The construction industry employs over 1.4 million Canadians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume or output of the Canadian construction industry, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: The construction production volume is a key indicator of overall economic activity in Canada and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian construction firms.
Q: How is this trend used in economic policy?
A: Policymakers use this construction production metric to assess the health of the Canadian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, but it generally provides a timely and reliable indicator of construction activity in Canada.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada (CANPROCONMISMEI), retrieved from FRED.