Production: Manufacturing: Total Manufacturing for Canada
Growth rate same period previous year, Monthly
CANPRMNTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.29
Year-over-Year Change
-17.41%
Date Range
1/1/1962 - 4/1/2025
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in Canada's manufacturing production. This key economic indicator provides insights into the health and trajectory of the Canadian industrial 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 monthly series tracks the percentage change in Canada's manufacturing output compared to the same month in the previous year. It serves as an important barometer of manufacturing activity and is closely monitored by economists, policymakers, and industry analysts to assess the broader economic conditions.
Methodology
The data is collected through surveys of Canadian manufacturing establishments and calculated as a year-over-year percent change.
Historical Context
The manufacturing growth trend is a crucial input for macroeconomic analysis and can inform policy decisions related to trade, investment, and industrial development.
Key Facts
- Canada's manufacturing sector accounts for over 10% of its GDP.
- Manufacturing employment in Canada exceeds 1.7 million workers.
- The manufacturing growth trend is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in Canada's manufacturing production output.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and trajectory of Canada's industrial sector, which is a crucial component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian manufacturing establishments and calculated as a year-over-year percent change.
Q: How is this trend used in economic policy?
A: The manufacturing growth trend is a key input for macroeconomic analysis and can inform policy decisions related to trade, investment, and industrial development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CANPRMNTO01GYSAM), retrieved from FRED.