Production: Manufacturing: Total Manufacturing for Canada
PRMNTO01CAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,715,666,666.67
Year-over-Year Change
5.56%
Date Range
1/1/1961 - 7/1/2023
Summary
The 'Production: Manufacturing: Total Manufacturing for Canada' series measures the total output of the Canadian manufacturing sector. This key economic indicator provides insights into the overall health and performance of the Canadian 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
This data series tracks the total volume of manufacturing production in Canada, encompassing a wide range of industries such as food processing, automotive, machinery, and more. It serves as an important barometer for assessing the strength and competitiveness of Canadian manufacturing.
Methodology
The data is collected through surveys of Canadian manufacturing establishments and compiled by Statistics Canada.
Historical Context
Policymakers and analysts use this manufacturing output trend to inform decisions on economic policies, trade, and investment.
Key Facts
- Canada is the 9th largest manufacturing economy in the world.
- Manufacturing accounts for over 10% of Canada's GDP.
- The manufacturing sector employs over 1.7 million Canadians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of manufacturing production in Canada, providing an overview of the health and performance of the Canadian manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing output trend is a key economic indicator that helps policymakers, investors, and analysts assess the strength and competitiveness of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian manufacturing establishments and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this manufacturing output trend to inform decisions on economic policies, trade, and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as additional information becomes available.
Related Trends
Infra-Annual Labor Statistics: Inactivity Rate Male: From 25 to 54 Years for Canada
LRIN25MACAM156S
International Trade: Exports: Value (Goods): Total for Canada
XTEXVA01CAQ188S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Canada
CANCP050000GYM
Balance of Payments: Secondary Income: Revenue for Canada
CANB6CRSI01CXCUSAQ
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Canada
CANHOUREAQISMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Canada
CANCP020000CTGYM
Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Canada (PRMNTO01CAQ156N), retrieved from FRED.