Nominal Private Sector, Changes in Inventories for Canada
NINVPXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,569.00
Year-over-Year Change
172.19%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Nominal Private Sector, Changes in Inventories for Canada' measures the change in the value of unsold goods held by Canadian businesses. This metric is a key indicator of economic activity and consumer demand.
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 series tracks the net change in the total value of inventories owned by private Canadian companies. It reflects how much production and consumer purchasing is driving businesses to accumulate or deplete their stockpiles of unsold items.
Methodology
The data is collected through surveys of Canadian firms and calculated by Statistics Canada.
Historical Context
Policymakers and analysts use this metric to gauge overall economic health and business confidence.
Key Facts
- Canada's nominal private sector inventory changes averaged $2.2 billion per quarter in 2022.
- Inventory accumulation signals business optimism about future sales.
- Inventory depletion can indicate slowing economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the net change in the total value of inventories owned by private Canadian companies, reflecting production and consumer demand.
Q: Why is this trend relevant for users or analysts?
A: Inventory changes are a key indicator of overall economic activity and business confidence in Canada.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian firms and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of the Canadian economy and consumer demand.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insight into economic conditions.
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Citation
U.S. Federal Reserve, Nominal Private Sector, Changes in Inventories for Canada (NINVPXDCCAA), retrieved from FRED.