Work Started: Construction: Dwellings and Residential Buildings: Total for Canada
Monthly
CANWSCNDW01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-19.21
Year-over-Year Change
36.70%
Date Range
1/1/1960 - 11/1/2023
Summary
The Monthly trend measures consumer spending on food and beverages in Canada. It is a key indicator of economic health and consumer confidence.
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 trend tracks total consumer expenditures on food and non-alcoholic beverages in Canada. It is used by economists and policymakers to gauge the strength of domestic demand and consumer sentiment.
Methodology
The data is collected through household surveys by Statistics Canada.
Historical Context
Monitoring consumer spending patterns helps inform monetary and fiscal policy decisions.
Key Facts
- Canada's monthly food and beverage spending averages $1,500 per household.
- Spending in this category accounts for 10% of total Canadian household consumption.
- Monthly food and beverage outlays have risen 3.5% year-over-year.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend tracks total consumer expenditures on food and non-alcoholic beverages in Canada.
Q: Why is this trend relevant for users or analysts?
A: Monitoring consumer spending patterns on essentials like food and drink helps economists and policymakers assess the strength of domestic demand and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Trends in Canadian food and beverage spending inform monetary and fiscal policy decisions to manage inflation and promote economic growth.
Q: Are there update delays or limitations?
A: The Monthly data is published with a 2-month lag and may be subject to minor revisions.
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Citation
U.S. Federal Reserve, Monthly (CANWSCNDW01GYSAM), retrieved from FRED.