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- Canadian GDP up 0.2% in August, as expected
Canadian GDP up 0.2% in August, as expected
Real gross domestic product rose 0.2% in August, following a 0.4% increase in July. The output of goods-producing industries rose while service-producing industries were essentially unchanged.
The output of goods-producing industries grew 0.7% in August, with the main contribution coming from mining, quarrying and oil and gas extraction and utilities. Manufacturing and construction were also up, while the agriculture and forestry sector was down.
There was essentially no change in the output of service-producing industries in August. Wholesale trade, transportation and warehousing services, accommodation and food services as well as the public sector (education, health and public administration combined) increased. Declines were posted in the finance and insurance sector and retail trade.
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