Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Industrial Product Price MoM held to 0.3% in August 2013
FMPMonthlyReleased August 2013
Canada Industrial Product Price MoM held to 0.3% in August 2013. The reading missed the 0.4% consensus by 0.1%. The print is running well above the 12-month average of -0.35%.
Latest Release
0.3
Actual
0.4
Consensus
0.3
Previous
Median Absolute Error
±0.1 percentage points
across last 3 releases
Last Call
Aug 2013
Predicted: 0.4
Actual: 0.3
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Product Price MoM (Canada) was reported at 0.2% in September 2013. The reading fell from the previous value of 0.3%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update September 2013.
SHARE
Industrial Product Price MoM - CA
Loading chart data...
About Industrial Product Price MoM — Canada
DEFINITION
The Industrial Product Price MoM (Month-over-Month) is a key economic indicator that measures the change in the average selling prices of goods produced by the industrial sector over a one-month period. This indicator provides valuable insights into the inflationary pressures within the manufacturing industry and can help investors and policymakers make informed decisions about the state of the economy. A positive change in the Industrial Product Price MoM may indicate rising inflation, while a negative change may suggest deflationary pressures. Overall, this indicator is an important tool for monitoring the health of the industrial sector and the broader economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2013): actual 0.2 %. Prior reading (Aug 2013): 0.3 %. Before that (May 2013): -0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.