Production: Manufacturing: Total Manufacturing for Canada
PRMNTO01CAA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.77
Year-over-Year Change
-311.55%
Date Range
1/1/1962 - 1/1/2024
Summary
The 'Production: Manufacturing: Total Manufacturing for Canada' trend measures the total volume of manufacturing output in Canada. This metric is a key indicator of the health and performance of the Canadian manufacturing sector.
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 level of manufacturing production in Canada, including output from various manufacturing industries. It is used by economists, policymakers, and analysts to assess the state of the Canadian economy and monitor trends in the manufacturing industry.
Methodology
The data is collected and calculated by Statistics Canada based on monthly surveys of manufacturing establishments.
Historical Context
This metric is closely watched by the Bank of Canada and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Manufacturing accounts for over 10% of Canada's GDP.
- The index has a base year of 2012=100.
- Trend data is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of manufacturing output in Canada, tracking the overall performance of the Canadian manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health of the Canadian economy and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on monthly surveys of manufacturing establishments across the country.
Q: How is this trend used in economic policy?
A: The Bank of Canada and other government agencies use this manufacturing production data to inform monetary and fiscal policy decisions that impact the broader Canadian economy.
Q: Are there update delays or limitations?
A: The manufacturing production data is released monthly by Statistics Canada with minimal delays, providing timely insights into the state of the Canadian manufacturing sector.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Canada (PRMNTO01CAA657S), retrieved from FRED.