Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada
PRCNTO01CAQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.54
Year-over-Year Change
4.12%
Date Range
1/1/1961 - 10/1/2023
Summary
This economic trend measures the production volume of the construction industry in Canada, providing insights into the health and activity of the construction sector.
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 Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada indicator tracks the output and production levels of the Canadian construction industry. It serves as a key barometer for evaluating the state of the broader construction and economic environment.
Methodology
The data is collected and reported by Statistics Canada through surveys of construction firms.
Historical Context
This metric is closely monitored by policymakers, economists, and industry analysts to assess the state of the Canadian economy and guide economic and industry-specific decision-making.
Key Facts
- The construction industry accounts for over 7% of Canada's GDP.
- Construction production volumes have a significant impact on employment and investment.
- This indicator is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume and output levels of the construction industry in Canada, providing insight into the overall activity and health of the construction sector.
Q: Why is this trend relevant for users or analysts?
A: This construction production volume metric is a key indicator of the state of the Canadian economy, as the construction industry is a major driver of economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of construction firms conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this construction production indicator to assess the broader economic environment and inform decisions around fiscal, monetary, and industry-specific policies.
Q: Are there update delays or limitations?
A: The construction production data is released monthly by Statistics Canada with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Canada (PRCNTO01CAQ661N), retrieved from FRED.