Real Private Sector, Changes in Inventories for Canada
NINVPRXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,284.40
Year-over-Year Change
81.19%
Date Range
1/1/1961 - 1/1/2024
Summary
This economic trend measures changes in the level of private sector inventories in Canada, a key indicator of business activity and economic conditions.
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 Real Private Sector, Changes in Inventories for Canada tracks fluctuations in the value of private business inventories, adjusted for inflation. This metric provides insight into the inventory management strategies of Canadian firms and can signal shifts in consumer demand, production levels, and overall economic momentum.
Methodology
This data is collected and calculated by Statistics Canada through surveys of private businesses.
Historical Context
Inventory changes are closely watched by policymakers, analysts, and investors as a forward-looking signal of economic performance.
Key Facts
- Inventory levels can signal business confidence and production plans.
- Rising inventories may indicate slowing demand or oversupply.
- Inventory data is a key input for GDP and other macroeconomic indicators.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in the real (inflation-adjusted) level of private sector inventories in Canada, providing insight into business activity and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Inventory data is an important leading indicator, as changes in inventory levels can signal shifts in consumer demand, production plans, and overall economic momentum.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys of private businesses in Canada.
Q: How is this trend used in economic policy?
A: Inventory changes are closely monitored by policymakers, economists, and investors as a forward-looking signal of economic performance and a key input for assessing GDP and other macroeconomic indicators.
Q: Are there update delays or limitations?
A: This data is subject to typical lags in business survey reporting, with updates generally available on a quarterly basis.
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Citation
U.S. Federal Reserve, Real Private Sector, Changes in Inventories for Canada (NINVPRXDCCAA), retrieved from FRED.