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March 02, 2017CANADA GDP BY INDUSTRY, DECEMBER AND ANNUAL 2016 Real GDP in Canada increased 0.3 per cent in December following an increase of 0.5 per cent (revised) in November. GDP increased in seven months in 2016. Utilities, construction and wholesale trade were the main contributors to growth in December.
Output of goods-producing industries increased 0.5 per cent per cent in December following a 1.2 per cent increase in November. Among goods-producing industries, GDP increased in all sectors except for a 0.4 per cent decrease in mining, quarrying, and oil and gas extraction. Except for October, output in the manufacturing sector has risen every month since June.
Following declines in the first half of 2016 related to maintenance shutdowns and the Fort McMurray wildfire and evacuation, the output of the mining, quarrying, oil and gas sector saw increases in June through September. Output in the mining, quarrying, oil and gas sector declined in October, followed by an increase in November. In December, output in the sector decreased 0.4 per cent on lower conventional oil and gas extraction (-2.4 per cent) and non-conventional oil extraction (-5.2 per cent).
GDP in service-producing industries increased 0.2 per cent in December. The largest growth in December was in the wholesale trade and professional, scientific and technical services sectors which increased 1.2 per cent and 0.5 per cent respectively.
In 2016, on an industry basis, the national economy expanded 1.2 per cent, following an increase of 0.9 per cent in 2015.
Goods production is down 0.8 per cent in 2016 following a decrease of 1.9 per cent in 2015. The largest contributor to the overall decline in goods-producing industries was the construction sector (-3.3%), on lower engineering and non-residential construction. There were also declines in mining, quarrying and gas extraction (-1.8 per cent) offset by increases in agriculture, forestry, fishing (+3.3 per cent), manufacturing (+0.6 per cent) and utilities (1.1 per cent).
GDP for service-producing industries is up 2.1 per cent in 2016, the same pace as in 2015, owing to increases in most subsectors except for declines in others services (-1.1 per cent), management of companies and enterprises (-2.5 per cent), and administrative and support, waste management and remediation services sector (-0.2 per cent). The largest increases in 2016 were in finance and insurance (+4.4 per cent), and arts, entertainment and recreation (+4.0 per cent).
Statistics Canada: CANSIM table 379-0031
Statistics Canada Note: With this release of monthly GDP by industry, revisions have been made back to January 2016.
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