Producer Prices Index: Economic Activities: Manufacturing: Total for Canada
PIEAMP01CAM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.72
Year-over-Year Change
7.61%
Date Range
1/1/1960 - 12/1/2022
Summary
The Producer Prices Index for Manufacturing in Canada measures changes in the selling prices received by domestic producers of goods and services. It is a key economic indicator used to track inflation pressures and business conditions.
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 Producer Prices Index for Manufacturing in Canada represents the monthly change in prices received by Canadian manufacturers for their products and services. It is a widely followed metric that provides insight into cost pressures and pricing power across the manufacturing sector.
Methodology
The data is collected through surveys of a representative sample of Canadian manufacturers.
Historical Context
This index is closely monitored by policymakers, analysts, and businesses to assess inflationary trends and the overall health of the Canadian economy.
Key Facts
- The index has a base year of 2010 = 100.
- Canada's manufacturing sector accounts for about 10% of GDP.
- The index is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Manufacturing in Canada measures changes in the selling prices received by domestic producers of goods and services in the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures, business costs, and the overall health of the Canadian manufacturing industry, which is a key driver of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of Canadian manufacturers.
Q: How is this trend used in economic policy?
A: The Producer Prices Index is closely monitored by the Bank of Canada and other policymakers to assess inflationary trends and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Canada with a typical release lag of around 4 weeks after the reference period.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Total for Canada (PIEAMP01CAM661N), retrieved from FRED.