Nominal Changes in Inventories for Canada
NINVSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,309.00
Year-over-Year Change
-81.40%
Date Range
1/1/1961 - 1/1/2025
Summary
The Nominal Changes in Inventories for Canada measures the change in the value of business inventories held in Canada. This metric is a key indicator of economic activity and production levels.
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 Nominal Changes in Inventories for Canada represents the net change in the book value of inventories owned by Canadian businesses. It is an important economic indicator that provides insight into production, supply chain dynamics, and overall business confidence.
Methodology
The data is collected through surveys of Canadian firms and calculated by Statistics Canada.
Historical Context
Inventory levels are closely monitored by policymakers and analysts as a gauge of future economic conditions.
Key Facts
- Inventory changes can signal future production plans.
- Rising inventories may indicate slowing demand.
- Inventory data is a leading indicator of the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Nominal Changes in Inventories for Canada measures the net change in the book value of inventories held by Canadian businesses.
Q: Why is this trend relevant for users or analysts?
A: Inventory levels are a key indicator of economic activity and production, providing insights into supply chain dynamics and business confidence.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian firms and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: Inventory data is closely monitored by policymakers and analysts as a gauge of future economic conditions and production plans.
Q: Are there update delays or limitations?
A: The inventory data is published on a regular schedule by Statistics Canada, with potential delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Nominal Changes in Inventories for Canada (NINVSAXDCCAQ), retrieved from FRED.