Canada Industrial Production Growth stands at 2.81% as of May 2026, up from -0.37% a year earlier. The reading sits in the 52nd percentile of its history back to 1962.
| Latest (May 2026) | 2.81% |
| One year ago | -0.37% |
| 10-year range | -21.62% – 19.59% |
| All-time range | -21.62% (2020) – 19.59% (2021) |
| Change over 12 months | +3.2 pts — bottomed at -2.69% in 2026 |
| Percentile vs. full history | 52nd |
| History | 1962–2026 (773 observations) |
Year-over-year growth in Canada's industrial production — factories, mines, and utilities. Industry is a minority of most modern economies but the majority of their cyclicality, which makes IP one of the most-watched monthly growth gauges: it turns earlier and swings harder than GDP. Sustained contraction alongside weak survey data typically marks a genuine industrial downturn. Data: production indexes via the OECD.
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<a href="https://www.tacticalassetallocation.com/charts/canada-industrial-production/">Canada Industrial Production Growth — Cambria Chart Lab</a>
Data: download CSV (source: OECD key economic indicators).