Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Manufacturing Shipments YoY climbed to 2.3% in March 2013
FMPMonthlyReleased April 2013
Canada Manufacturing Shipments YoY climbed to 2.3% in March 2013, released April 2013, up 3.2% from February's -0.9% reading.
Latest Release
2.300000
Actual
—
Consensus
-0.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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
Manufacturing Shipments YoY (Canada) was reported at 2.3% in April 2013. The reading rose from the previous value of -0.9%.
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 April 2013.
SHARE
Manufacturing Shipments YoY - CA
Loading chart data...
About Manufacturing Shipments YoY — Canada
DEFINITION
Manufacturing Shipments YoY is a financial indicator that measures the year-over-year change in the total value of goods shipped by manufacturing companies. It provides valuable insights into the health and growth of the manufacturing sector, which is a key driver of economic activity. This indicator is closely monitored by investors, policymakers, and analysts as it can indicate trends in consumer spending, business investment, and overall economic performance. A positive change in Manufacturing Shipments YoY suggests a strong and growing economy, while a negative change may signal a slowdown or contraction.
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 (Apr 2013): actual 2.3 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.