Canada Industrial Production

Industrial Production in Canada increased 3.29 percent in December of 2013 over the same month in the previous year. Industrial Production in Canada is reported by the Statistics Canada. Industrial Production in Canada averaged 2.93 Percent from 1962 until 2013, reaching an all time high of 16.92 Percent in May of 1984 and a record low of -14.71 Percent in August of 2009. In Canada, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Canada Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.29 2.83 16.92 -14.71 2.86 | 2014/01 1962 - 2013 Percent Monthly

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Canada Industrial Production
LIST BY COUNTRY

Business Last Previous Highest Lowest Forecast Unit
Industrial Production 3.29 2013-12-15 2.83 16.92 -14.71 2.86 2014-01-31 Percent [+]
Bankruptcies 247.00 2014-01-15 280.00 872.00 219.00 258.82 2014-02-28 Companies [+]
Capacity Utilization 82.00 2013-11-15 81.20 87.60 70.70 81.76 2014-03-31 Percent [+]
Car Registrations 97624.00 2014-01-15 115368.00 189076.00 19807.00 111500.57 2014-02-28 Thousand [+]
Changes in Inventories 18025.00 2013-11-15 12418.00 19650.00 -18754.00 17242.80 2014-03-31 CAD Million [+]
Manufacturing Pmi 53.30 2014-03-15 52.90 56.30 49.30 53.11 2014-04-30 [+]
New Orders 53924825.00 2014-01-15 52573377.00 53924825.00 14816411.00 53476792.18 2014-02-28 CAD THO [+]
Business Confidence 55.20 2014-03-31 57.20 75.00 36.10 57.77 2014-04-30 [+]
[+]


Industrial Production | Notes
The data given on this page shows a year over year change in a seasonally adjusted Industrial Production Index. Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation.


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Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January.
Canada Trade Deficit Narrows Sharply in January  
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent.
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At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
Canadian Economy Resilient in Q4  
In the last three months of 2013, Canada’s GDP advanced 0.7 percent on a quarter-on-quarter basis, the same rate recorded in the preceding quarter. The annualized growth rate was recorded at 2.9 percent, better than 2.7 percent in the third quarter.
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Canada's current account deficit increased by CAD 1.2 billion to CAD 16.0 billion in the fourth quarter of 2013. It is the highest deficit in the last five quarters, as exports fell due to lower crude oil prices and imports rose.
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Canada’s annual inflation rate accelerated in January of 2014 to 1.5 percent from 1.2 percent in the previous month, boosted by higher shelter costs.
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