Issue 17-118: Gross Domestic Product (GDP)

September 29, 2017

Canadian real GDP by industry at basic prices (seasonally adjusted) was essentially unchanged in July.

The goods-producing industries contracted 0.5% in July as mining, quarrying, and oil & gas extraction (-1.2%), construction (-0.5%), manufacturing (-0.4%) and agriculture, forestry, fishing & hunting (-0.4%) all posted declines. Utilities (+1.7%) was the only sector that grew in July.

The services-producing industries expanded 0.2%. Gains in wholesale trade (+2.0%), professional, scientific & technical services (+0.5%), accommodation & food services (+0.4%) and the public sector (+0.2%) were dampened by declines in finance & insurance (-0.6%), arts, entertainment & recreation (-0.6%), and information & cultural industries (-0.2%).

Source: Statistics Canada