Issue 18-116 Gross Domestic Product (GDP)

June 29, 2018

The Canadian economy continued to expand in April, with real GDP advancing 0.1% (seasonally adjusted) following a 0.3% increase in the previous month.

GDP in goods-producing industries was up 0.2%, led by another month of growth in utilities (+1.6%). With colder-than-normal temperatures across Canada, the demand for utilities rose in April. The manufacturing (+0.8%) sector also expanded while GDP in construction (-0.5%), agriculture, forestry, fishing & hunting (-0.4%) and mining, quarrying, and oil & gas extraction (-0.3%) declined.

Services-producing industries were essentially unchanged (+0.0%) as continued growth in most industries was offset by significant declines in arts, entertainment & recreation (-1.7%) and retail trade (-1.3%). GDP was also down in accommodation & food services (-0.4%), transportation & warehousing (-0.2%) and information & cultural industries (-0.1%).  Professional, scientific & technical services (+0.4%), health care & social assistance (+0.3%), real estate & rental & leasing (+0.3%) and finance & insurance (+0.2%) made solid gains in April.

Source: Statistics Canada