MoM Change in Manufacturing Shipments in Canada
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month change in manufacturing shipments measures the value of goods shipped by the manufacturing sector in Canada compared to the previous month. This data is released monthly by Statistics Canada and is crucial for assessing the health of the manufacturing sector and the broader economic activity.
If manufacturing shipments are increasing month-over-month, it indicates an expansion in the manufacturing sector and suggests that production activities within companies are robust. Conversely, a decrease in shipments suggests stagnation in the manufacturing sector, indicating a reduction in production activities. This data is vital for policymakers to understand economic trends and formulate appropriate monetary and industrial policies.
For instance, if manufacturing shipments are rising, policymakers might consider additional measures to support economic growth. Conversely, if shipments are falling, it might be necessary to strengthen economic stimulus measures. This data is also crucial for businesses and investors, providing insights into manufacturing trends and helping to forecast economic conditions and make informed investment decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
