Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Canada
PRINTO01CAQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.93
Year-over-Year Change
6.08%
Date Range
1/1/1961 - 10/1/2023
Summary
This economic trend measures the production volume index for the Canadian industrial sector, excluding construction. It serves as a key indicator of the overall health and activity 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
The Production Volume Index is a monthly indicator that tracks changes in the physical output of Canadian industries. It provides insights into the level of economic activity and can be used to analyze production trends and inform policy decisions.
Methodology
The data is collected through surveys of Canadian businesses and calculated by Statistics Canada.
Historical Context
This index is closely monitored by economists, policymakers, and market analysts to assess the state of the Canadian economy.
Key Facts
- The index has a base year of 2012 = 100.
- It covers a wide range of industries, such as manufacturing, mining, and utilities.
- The index is published monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume index for the Canadian industrial sector, excluding construction. It provides a comprehensive indicator of the level of economic activity in Canada.
Q: Why is this trend relevant for users or analysts?
A: The Production Volume Index is a key indicator of the overall health and performance of the Canadian economy. It helps analysts and policymakers assess the state of industrial production and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian businesses and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Production Volume Index is closely monitored by economists, policymakers, and market analysts to assess the state of the Canadian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Canada, with a relatively short delay between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Canada (PRINTO01CAQ661N), retrieved from FRED.