Nominal Private Sector, Changes in Inventories for Canada
NINVPSAXDCCAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,309.00
Year-over-Year Change
-81.40%
Date Range
1/1/1961 - 1/1/2025
Summary
This economic indicator tracks changes in the level of inventories held by private businesses in Canada. It is an important measure of economic activity and business investment.
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 Nominal Private Sector, Changes in Inventories for Canada represents the dollar value of net additions to private business inventories, which include raw materials, work in progress, and finished goods. This metric provides insight into production, demand, and overall economic conditions.
Methodology
The data is collected through surveys of Canadian businesses and calculated by Statistics Canada.
Historical Context
Inventory data is used by policymakers and analysts to assess the health of the Canadian economy and forecast future economic trends.
Key Facts
- Inventories contribute to GDP when they increase and subtract from GDP when they decrease.
- Inventory changes can signal shifts in consumer demand and production plans.
- Businesses may adjust inventories in response to economic conditions and forecasts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the level of inventories held by private businesses in Canada, providing insight into production, demand, and overall economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Inventory data is an important input for assessing the health of the Canadian economy and forecasting future economic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian businesses and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use inventory data to evaluate the state of the Canadian economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The inventory data is published on a regular schedule by Statistics Canada, but may be subject to revisions and delays.
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Citation
U.S. Federal Reserve, Nominal Private Sector, Changes in Inventories for Canada (NINVPSAXDCCAQ), retrieved from FRED.