Production: Industry: Total Industry Excluding Construction for Canada
CANPRINTO01MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,419,000,000.00
Year-over-Year Change
0.07%
Date Range
1/1/1961 - 10/1/2023
Summary
The 'Production: Industry: Total Industry Excluding Construction for Canada' measures the output of the Canadian industrial sector, excluding construction. This indicator provides insight into the health and productivity 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
This series tracks the monthly production volume index for Canadian industries, excluding the construction sector. It is a key economic indicator used to assess overall industrial activity and performance, which is an important driver of GDP growth.
Methodology
The data is collected and calculated by Statistics Canada through surveys of industrial production.
Historical Context
Policymakers and analysts use this index to monitor trends in Canadian industrial output and inform economic forecasting and decision-making.
Key Facts
- Canada is the world's 10th largest economy by nominal GDP.
- Manufacturing accounts for approximately 10% of Canada's GDP.
- The industrial sector excluding construction represents about 75% of total Canadian industrial output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly production volume index for Canadian industries, excluding the construction sector. It provides an indicator of overall industrial activity and performance in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key economic indicator used by policymakers, economists, and market analysts to assess the health and productivity of the Canadian industrial sector, which is a major driver of GDP growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor trends in Canadian industrial output and inform economic forecasting, policy decisions, and market analysis.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 6-8 weeks from the reference period.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Canada (CANPRINTO01MLM), retrieved from FRED.