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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Industrial Product Price YoY held to 1.4% in August 2013
FMPMonthlyReleased August 2013
Canada Industrial Product Price YoY held to 1.4% in August 2013. The reading missed the 2.0% consensus by 0.6%. The print is running well above the 12-month average of 0.45%.
Latest Release
1.4
Actual
2
Consensus
Previous
Median Absolute Error
±0.6 percentage points
across last 3 releases
Last Call
Aug 2013
Predicted: 2
Actual: 1.4
Error: +0.6
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 YoY (Canada) was reported at 1.7% in September 2013. The reading rose from the previous value of 1.4%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
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.
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Industrial Product Price YoY - CA
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About Industrial Product Price YoY — Canada
DEFINITION
Industrial Product Price YoY (Year-over-Year) is a financial indicator that measures the change in the average price of goods produced by industrial companies over a 12-month period. It is used to track inflation and assess the overall health of the industrial sector, providing valuable insights for investors and policymakers. A positive YoY change indicates rising prices, while a negative change suggests falling prices, making it a key tool for analyzing economic trends and making informed financial decisions.
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 1.7 %. Prior reading (Aug 2013): 1.4 %. Before that (May 2013): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.