Issue 16-206: Gross Domestic Product (GDP)
November 2, 2016
Canadian real GDP by industry at basic prices (seasonally adjusted) advanced 0.2% in August following two consecutive monthly increases in June (+0.6%) and July (+0.4%).
The goods-producing industries expanded 0.7% in August, led by a 2.4% increase in utilities. The mining, quarrying & oil and gas extraction sector rose 1.4%, a third consecutive monthly gain. A 2.0% rebound in the mining and quarrying (except oil and gas) subsector was mainly due to a 14% increase in potash mining.
Aside from the resource sector, construction (+0.5%) and manufacturing (+0.3%) advanced, but agriculture, forestry, fishing & hunting (-0.5%) declined.
The service-producing industries were essentially unchanged in August. There were gains in wholesale trade (+0.5%), transportation & warehousing services (+0.4%), accommodation & food services (+0.4%), and the public sector* (+0.1%). These were offset by declines in finance & insurance (-0.2%), retail trade (-0.2%), arts, entertainment & recreation (-0.6%) as well as administrative and support, waste management & remediation services (-0.3%).
*The public sector includes education, health and public administration.
Source: Statistics Canada