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Main industries > Fabricated metal product manufacturing >

Hardware manufacturing

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

Industry definition

This industry comprises establishments primarily engaged in manufacturing metal hardware. (NAICS: 3325)

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Output, supply, demand

Millions of 1997 current dollars
Output	1,406
Value added at basic prices	661
Share of Manufacturing sector	0.46%
Share of total economy	0.08%
Significant products of this industry
Motor vehicle transmission and power train parts and other motor vehicle parts and accessories	850
Builder's hardware	233
Other hardware	211
Total	1,294
Total supply of these products
Domestic production	12,778
Imports	11,884
Total	24,662
Major users of these products
Motor vehicle parts manufacturing	10,473
Exports	8,559
Total	19,032

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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)

PCG 5879	motor vehicle parts n.e.s.	61%
PCG 4643	builders hardware	17%
PCG 4645	fittings, furniture cabinets and casket	15%
PCG 7423	furniture components	4%
PCG 5871	drive train components	1%

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

Notes

This industry produces only a small part of the domestic output of the industry's significant products, while most of the rest is produced by the Motor vehicle parts manufacturing industry.

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Date modified: 2006-02-28	Important Notices