Issue 17-67: Gross Domestic Product (GDP)

April 4, 2017

Canadian real GDP by industry at basic prices (seasonally adjusted) increased 0.6% in January. Except for October, GDP has grown every month since June 2016.

The goods-producing industries advanced 1.1% in January. Increases were posted in manufacturing (+1.9%), mining, quarrying & oil and gas extraction (+1.9%), and construction (+0.4%) while utilities (-1.3%) and agriculture, forestry, fishing & hunting (-0.9%) declined in January.

The services-producing industries rose 0.4%, led by wholesale trade (+2.4%), retail trade (+1.5%), accommodation & food services (+0.9%) and transportation & warehousing (+0.8%). Professional, scientific & technical services (-0.1%), health care & social assistance (-0.1%) and other services (except public administration) (-0.1%) were the only services-producing industries to see declines.

Data Source: Statistics Canada