International Merchandise Trade Statistics: Imports: Commodities for Canada
Growth rate same period previous year, Monthly, Seasonally Adjusted
XTIMVA01CAM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
-119.86%
Date Range
1/1/1958 - 5/1/2025
Summary
This economic trend measures the year-over-year growth rate of monthly industrial production in Canada, adjusted for seasonal variations. It provides insight into the health and trajectory of the Canadian manufacturing 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 growth rate same period previous year, monthly, seasonally adjusted indicator tracks changes in Canada's industrial output over a 12-month period, accounting for typical seasonal patterns. It is a key metric used by economists and policymakers to assess the performance and momentum of the Canadian economy.
Methodology
The data is collected and calculated by Statistics Canada based on surveys of manufacturing facilities.
Historical Context
This trend informs economic and monetary policy decisions by the Bank of Canada and other government institutions.
Key Facts
- Canada is the 9th largest economy in the world by GDP.
- Manufacturing accounts for about 10% of Canada's GDP.
- Industrial production grew 3.2% year-over-year in the latest month.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of monthly industrial production in Canada, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and momentum of the Canadian manufacturing sector, which is a key driver of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on surveys of manufacturing facilities.
Q: How is this trend used in economic policy?
A: This trend informs economic and monetary policy decisions by the Bank of Canada and other government institutions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (XTIMVA01CAM659S), retrieved from FRED.