Issue 16-68-Gross Domestic Product (GDP)

March 31, 2016

Canadian real GDP by industry at basic prices (seasonally adjusted) advanced 0.6% in January, following three consecutive monthly increases in October (+0.1%), November (+0.3%) and December (+0.2%).

The goods-producing (+1.2%) and service-producing (+0.4%) industries both increased in January. In the goods producing industries, manufacturing (+1.9%), mining, quarrying & oil and gas extraction (+0.9%) and utilities (+2.7%) were major contributors to the real GDP growth. Construction (+0.5%) and agriculture, forestry, fishing & hunting (+0.3%) advanced modestly. In the service-producing industries, solid gains in retail trade (+1.5%), the finance & insurance sector (+0.6%), and transportation & warehousing (+1.4%) dampened the effect of declines in wholesale trade (-0.2%) and the arts, entertainment & recreation sector (-1.2%).

Source: Statistics Canada