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Pharmaceutical and medicine manufacturing

Industry definition
Output, supply, demand
Monthly projector
Data
Deflation

Industry definition

This industry comprises establishments primarily engaged in manufacturing drugs, medicines and related products for human or animal use. Establishments in this industry may undertake one or more of several processes, including basic processes, such as chemical synthesis, fermentation, distillation and solvent extraction; grading, grinding and milling; and packaging in forms suitable for internal and external use, such as tablets, vials, ampoules and ointments. (NAICS: 3254)

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Output, supply, demand

Standard symbols

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Monthly projector

Changes in constant price output are used as indicators of the growth rates in constant price value added. The movement in constant price output is assumed to be represented by the month-to-month growth rates in constant price shipments adjusted by the change in constant price inventories of goods in process (GIP) and finished products (FP).

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Data

Current price shipments, inventory of goods in process and inventory of finished products, measured in thousands of dollars.

Source
Monthly Survey of Manufacturing,
Monthly, CANSIM table 304-0014,
Statistics Canada

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Deflation

Deflators for shipments are weighted averages of price indexes of Principal Commodity Groups (PCG) that are produced by the industry. Weights are PCG values, obtained from annual input-output tables.

The following PCGs account for the largest weights:
(the percentage represents the PCG's relative importance)

Deflators of closing inventories of GIP and FP are moving averages of the deflator for shipments. Deflators of opening inventories are equal to deflators of closing inventories in the previous month.

Source
Industry Price Indexes,
Monthly, Catalogue no. 62-011,
Statistics Canada