Short Term Statistics: Stocks: Manufacturing: Inventories to Shipments: Total for Canada
CANSTMNIS01STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.75
Year-over-Year Change
2.94%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend tracks the ratio of manufacturing inventories to shipments in Canada, providing insights into the balance between supply and demand in the Canadian manufacturing 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
The Inventories to Shipments ratio is a key indicator of the manufacturing industry's production and supply chain dynamics. It reveals whether companies are accumulating or depleting their inventories relative to current sales, helping to identify potential imbalances or adjustments in the manufacturing sector.
Methodology
The data is collected and calculated by Statistics Canada through surveys of manufacturing establishments.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the Canadian manufacturing industry.
Key Facts
- Canada is the 9th largest manufacturing economy in the world.
- The manufacturing sector accounts for over 10% of Canada's GDP.
- Manufacturing inventories reached a record high in 2020 due to pandemic disruptions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of manufacturing inventories to shipments in Canada, providing insights into the balance between supply and demand in the Canadian manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The Inventories to Shipments ratio is a key indicator of the manufacturing industry's production and supply chain dynamics, helping to identify potential imbalances or adjustments in the sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists, policymakers, and industry analysts to assess the health and outlook of the Canadian manufacturing industry, informing economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Canada, with a typical delay of a few weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Short Term Statistics: Stocks: Manufacturing: Inventories to Shipments: Total for Canada (CANSTMNIS01STM), retrieved from FRED.