Composite Leading Indicators: Reference Series (GDP) Normalized for Canada
CANLORSGPNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.74
Year-over-Year Change
-0.55%
Date Range
2/1/1961 - 11/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Normalized for Canada is an economic indicator that tracks leading economic trends in Canada. It is used by policymakers and analysts to anticipate changes in 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
This indicator is a composite of multiple leading economic indicators that are normalized against Canada's gross domestic product (GDP). It provides an overview of economic conditions and can signal upcoming shifts in the broader Canadian economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This leading indicator is closely monitored by the Bank of Canada and other institutions to inform economic policy decisions.
Key Facts
- The indicator is normalized against Canada's GDP.
- It is a composite of multiple leading economic indicators.
- The data is collected and calculated by the OECD.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) Normalized for Canada tracks leading economic trends in Canada. It is a composite of multiple indicators normalized against Canada's GDP.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides an overview of economic conditions in Canada and can signal upcoming shifts in the broader economy, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: The Composite Leading Indicators: Reference Series (GDP) Normalized for Canada is closely monitored by the Bank of Canada and other institutions to inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be update delays or limitations in the data, as it is collected and calculated by the OECD.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Normalized for Canada (CANLORSGPNOSTSAM), retrieved from FRED.