Sales: Manufacturing: Total Manufacturing: Value for Canada
Quarterly, Seasonally Adjusted
SLMNTO02CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,371,583,333.33
Year-over-Year Change
14.39%
Date Range
1/1/1960 - 4/1/2018
Summary
The Quarterly, Seasonally Adjusted series measures the total employment level in the manufacturing sector of the Canadian economy on a quarterly basis, adjusted for seasonal variations. This metric provides important insights into the overall health and performance of the Canadian manufacturing industry.
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 Quarterly, Seasonally Adjusted series tracks the total number of individuals employed in the manufacturing sector of the Canadian economy. This data is collected and reported on a quarterly basis and is adjusted to account for typical seasonal fluctuations, offering a more accurate representation of underlying employment trends.
Methodology
The data is collected through Statistics Canada's monthly Labor Force Survey, which samples a representative population to determine employment levels across various industries.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the state of the Canadian manufacturing sector and its broader economic implications.
Key Facts
- The manufacturing sector accounts for approximately 10% of Canada's total employment.
- Employment in Canadian manufacturing has declined by 20% since the early 2000s.
- Seasonal adjustments help identify underlying trends beyond typical seasonal fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total level of employment in the manufacturing sector of the Canadian economy on a quarterly basis, with adjustments made to account for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and performance of the Canadian manufacturing industry, which is a crucial component of the country's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected through Statistics Canada's monthly Labor Force Survey, which samples a representative population to determine employment levels across various industries.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and industry analysts to assess the state of the Canadian manufacturing sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and the seasonal adjustments help to identify underlying trends beyond typical seasonal fluctuations.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SLMNTO02CAQ189S), retrieved from FRED.