Issue 17-97: Gross Domestic Product (GDP)

August 31, 2017

Canadian real GDP by industry at basic prices (seasonally adjusted) advanced 0.3% in June. With the exception of October, GDP has grown every month since June 2016.

The goods-producing industries rose 0.5% in June. The construction sector (+2.0%) was the main contributor to the growth, buoyed by residential construction (+2.7%) and non-residential construction (+2.9%). The largest monthly increase in the construction sector since July 2013 was partly due to a construction strike in Quebec that ended in the last week of May. In addition, utilities (+0.7%) and manufacturing (+0.2%) edged up while mining, quarrying, and oil & gas extraction (-0.2%) and agriculture, forestry, fishing & hunting (-0.3%) declined.

The services-producing industries expanded 0.2%, led by retail trade (+0.8%), accommodation & food services (+0.8%) and transportation and warehousing (+0.6%).  While most sectors in the services-producing industries posted gains in June, wholesale trade (-0.4%), management of companies & enterprises (-0.4%) and information & cultural industries (-0.2%) declined.