Production: Industry: Total Industry Excluding Construction for Canada
PRINTO01CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,571,972,222.22
Year-over-Year Change
9.64%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic indicator measures the total production output of Canadian industries, excluding the construction sector. It provides insight into the overall health and performance of the Canadian industrial economy.
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: Industry: Total Industry Excluding Construction for Canada metric tracks changes in the volume of industrial production across various sectors in Canada, such as manufacturing, mining, and utilities. It is a key indicator used by economists and policymakers to assess the broader state of the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada through surveys of industrial producers.
Historical Context
This trend is closely monitored by the Bank of Canada and other institutions to inform economic policy decisions.
Key Facts
- Canada is the 10th largest industrial economy in the world.
- The industrial sector accounts for over 25% of Canada's GDP.
- Manufacturing is the largest component of Canada's industrial production.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total production output of Canadian industries, excluding the construction sector. It provides insight into the overall performance of the Canadian industrial economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator used by economists and policymakers to assess the broader state of the Canadian economy and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through surveys of industrial producers.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Bank of Canada and other institutions to inform economic policy decisions related to monetary policy, industrial development, and overall economic management.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Canada with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Canada (PRINTO01CAQ189S), retrieved from FRED.