Producer Prices Index: Economic Activities: Manufacturing: Domestic for Canada
Growth rate same period previous year, Quarterly
PIEAMP02CAQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.97
Year-over-Year Change
-2175.52%
Date Range
1/1/1960 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of personal income in Canada on a quarterly basis. It provides insights into the pace of change in consumer purchasing power and economic growth.
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 growth rate same period previous year, quarterly statistic tracks the percent change in personal income in Canada compared to the same quarter of the prior year. This metric is a key indicator of economic momentum and consumer confidence that economists and policymakers closely monitor.
Methodology
The data is collected and calculated by Statistics Canada based on national income and product accounts.
Historical Context
This trend is widely used to assess the health of the Canadian economy and inform monetary and fiscal policy decisions.
Key Facts
- Canada's personal income grew 5.2% year-over-year in Q4 2022.
- The growth rate has averaged 3.7% over the past 5 years.
- Personal income is a key driver of consumer spending and GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in personal income in Canada on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The personal income growth rate is a important indicator of economic momentum and consumer purchasing power that informs market and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on national income and product accounts.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by economists and policymakers to assess the health of the Canadian economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PIEAMP02CAQ659N), retrieved from FRED.