Issue 18-44 Gross Domestic Product (GDP)

March 5, 2018

Canadian real GDP by industry at basic prices (seasonally adjusted) inched ahead (+0.1%) in December.

Goods-producing industries were down 0.1% in December. Declines in the manufacturing (-0.7%) and construction (-0.3%) sectors were more than offset by gains in mining, quarrying and oil & gas extraction (+0.6%) and utilities (+0.6%).

Service-producing industries edged up 0.1%, led by growth in arts, entertainment & recreation (+0.7%), educational services (+0.6%), real estate & rental & leasing (+0.5%), and finance & insurance (+0.5%). However, GDP was down in retail (-0.9%) and wholesale trade (-0.7%) during the December holiday shopping season.

Source: Statistics Canada