Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Canada
LORSGPORCAQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-132.57%
Date Range
1/1/1962 - 10/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Canada is an important economic indicator that tracks early signals of changes in the Canadian business cycle.
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 leading indicator compiles several economic measures into a single index to predict future GDP growth in Canada. It is widely used by economists, policymakers, and investors to anticipate changes in the Canadian economy.
Methodology
The data is calculated by Statistics Canada using a composite of several underlying economic indicators.
Historical Context
The leading indicator provides valuable insights for Canadian economic and monetary policy decisions.
Key Facts
- The index is published monthly by the OECD.
- It is designed to provide early signals of turning points in the business cycle.
- The composite index includes measures such as manufacturing, construction, and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) measures early signals of changes in the Canadian business cycle and economy.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator provides valuable insights for policymakers, investors, and economists to anticipate and respond to changes in the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada using a composite of several underlying economic indicators.
Q: How is this trend used in economic policy?
A: The leading indicator provides important information for Canadian economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the OECD with minimal delays.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Canada (LORSGPORCAQ659S), retrieved from FRED.