Production: Manufacturing: Total Manufacturing for Canada
PRMNTO01CAA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,722,666,666.67
Year-over-Year Change
12.79%
Date Range
1/1/1961 - 1/1/2022
Summary
The 'Production: Manufacturing: Total Manufacturing for Canada' series measures the total output of the Canadian manufacturing sector. This key economic indicator provides insights into the health and performance 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 total manufacturing production index tracks the overall volume of manufacturing output in Canada. It is a widely followed metric used by economists, policymakers, and analysts to assess the state of the Canadian industrial sector and broader economic conditions.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of manufacturing establishments.
Historical Context
This manufacturing production index is a leading indicator of Canada's economic growth and is closely monitored for policy decisions and market analysis.
Key Facts
- Canada is one of the world's largest manufacturing economies.
- Manufacturing accounts for about 10% of Canada's GDP.
- The manufacturing sector employs over 1.7 million Canadians.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Manufacturing: Total Manufacturing for Canada' series measures the overall volume of manufacturing output in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing production index is a key indicator of the health and performance of the Canadian industrial sector and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: The manufacturing production index is closely monitored by policymakers and analysts for insights into Canada's economic growth and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Canada with a typical lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Canada (PRMNTO01CAA189S), retrieved from FRED.