Production: Construction: Total for Canada
PRCNTO01CAQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-91.71%
Date Range
4/1/1961 - 1/1/2025
Summary
The 'Production: Construction: Total for Canada' measures the total volume of construction activity in Canada, providing insight into the health of the Canadian construction industry and broader economic 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
This economic indicator tracks the overall production of the Canadian construction sector, including residential, commercial, and industrial construction. It is a key metric used by economists and policymakers to assess the state of the Canadian economy and identify trends in domestic investment and capital formation.
Methodology
The data is collected through surveys of construction firms and compiled by Statistics Canada.
Historical Context
Trends in Canadian construction output are closely monitored by the Bank of Canada and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Canada is one of the world's largest construction markets.
- 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 indicator measures the total volume of construction activity in Canada, including residential, commercial, and industrial projects.
Q: Why is this trend relevant for users or analysts?
A: Trends in Canadian construction output provide important insights into the health of the domestic economy and levels of investment and capital formation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Bank of Canada and other government agencies closely monitor this indicator to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-month lag between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Canada (PRCNTO01CAQ657S), retrieved from FRED.