Issue 18-219 Gross Domestic Product (GDP)

December 21, 2018

Canadian real GDP by industry at basic prices increased 0.3% (seasonally adjusted) in October, following a 0.1% decline in the previous month.
 
GDP in goods-producing industries advanced 0.3% after two monthly declines. Utilities (+1.5%), manufacturing (+0.7%), and mining, quarrying and oil & gas extraction (+0.2%) all expanded, but agriculture, forestry, fishing & hunting (-1.1%) and construction (-0.1%) posted declines.
 
Services-producing industries also grew 0.3%, led by wholesale trade (+1.0%), finance & insurance (+0.9%), administrative & support services (+0.7%) and arts, entertainment & recreation (+1.5%). Gains were recorded in all services-producing industries except transportation & warehousing (-0.3%), accommodation & food services (-0.2%) and management of companies & enterprises (-0.2%).
  
Source: Statistics Canada