30 Jun 2017
Canada: After increasing 0.5% in March, real GDP rose 0.2% in April
"After increasing 0.5% in March, real gross domestic product (GDP) rose 0.2% in April as 14 out of 20 sectors grew," said the Statistics Canada on Friday.
Key highlights:
- Service-producing industries increased 0.3% on widespread growth across sectors
- Goods-producing industries were essentially unchanged as growth in mining, quarrying, and oil and gas extraction was largely offset by a decline in manufacturing
- The mining, quarrying, and oil and gas extraction sector (+1.2%) grew for the third time in four months in April
- The manufacturing sector continued its fluctuations since the beginning of 2017 with a 0.9% decline in April, largely offsetting a 1.0% increase in March as 12 of 18 subsectors declined