Main industries > Fabricated metal product manufacturing >

Forging and stamping

Industry definition
Output, supply, demand
Monthly projector
Data
Deflation
Notes

Industry definition

This industry comprises establishments primarily engaged in shaping hot metal by forging to produce a part near its final size and shape; or pressing and cutting sheet metal stock to form stampings. These establishments generally operate on a job or order basis, manufacturing metal stampings or forgings for sale to others or for inter-plant transfer. These establishments may surface-finish the forgings and stampings produced, by such activities as deburring and grinding, but they do not further process them. (NAICS: 3321)

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Output, supply, demand

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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

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Notes

The input–output commodity classification includes seven fictive commodities, each corresponding to a fictive industry. Fictive commodities and fictive industries are a technique for routing groups of related commodities as inputs into industries when the precise commodity content is unknown. Some inputs are reported in catch-all categories, which include many input–output commodities. These commodities are shown in detail as inputs into a corresponding fictive industry. The related fictive industry is shown as purchasing the related assortment of commodities and then selling the package to the purchasing industry. Operating supplies is one of the seven fictive industries. For more detail see The Input–Output Structure of the Canadian Economy, 1961-1981, Catalogue no. 15-510, Statistics Canada.