Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Canada
Monthly
CANPRINTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.06
Year-over-Year Change
-0.27%
Date Range
1/1/1961 - 2/1/2024
Summary
The Monthly Indicator of Canadian Industrial Production measures the total volume of manufacturing, mining, and utilities output in Canada. It is a key barometer of 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 Monthly Indicator of Canadian Industrial Production is a composite index that tracks changes in the overall production of the Canadian industrial sector. It is a closely watched metric used by economists, policymakers, and investors to assess the state of the Canadian economy.
Methodology
The data is collected through surveys of Canadian industrial producers and compiled by Statistics Canada.
Historical Context
This indicator helps inform monetary and fiscal policies and provides insight into consumer demand, capital investment, and trade balances.
Key Facts
- Canada is the 10th largest industrial producer in the world.
- The manufacturing sector accounts for over 10% of Canada's GDP.
- Industrial production rose 0.8% in the latest month.
FAQs
Q: What does this economic trend measure?
A: The Monthly Indicator of Canadian Industrial Production measures the total volume of manufacturing, mining, and utilities output in Canada.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key barometer of the health and performance of the Canadian economy, providing insight into consumer demand, capital investment, and trade balances.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian industrial producers and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: This indicator helps inform monetary and fiscal policies in Canada and serves as an important data point for economists, policymakers, and investors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Monthly Indicator of Canadian Industrial Production (CANPRINTO01IXOBM), retrieved from FRED.