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July 28, 2017CANADA GDP BY INDUSTRY, MAY 2017 Real GDP in Canada increased 0.6 per cent in May 2017, after growth of 0.2 per cent in April. There have been seven consecutive months of positive real GDP growth.
Growth in output of goods-producing industries was 1.6 per cent in May. Mining, quarrying and oil and gas extraction (+4.6%) grew as the oil and gas subsector expanded 7.6 per cent on the month. Mining and quarrying (except oil and gas) was unchanged in May. Manufacturing was up 1.1 per cent as most subsectors grew this month. Construction was down 0.6 per cent this month, mostly due to a unionized construction workers strike in Quebec which affected both residential and nonresidential construction. GDP in service-producing industries increased 0.2 per cent in May with modest growth in subsectors, with the exception of Arts, entertainment and recreation, which declined 3.5 per cent on the month.
Comparing year to date (January - May) 2017 to the same period in 2016, the Canadian economy is 3.2 per cent larger this year than last.
Goods production is up 4.4 percent with increases in all subsectors led by gains in mining, quarrying and gas extraction (+11.7%), manufacturing (+2.7%) and utilities (+3.0%).
GDP for service-producing industries is up 2.8 per cent on increases in all subsectors except management of companies and enterprises (-1.5%), and a 0.1 per cent decline in the other services (except public administration) sector.
Statistics Canada: CANSIM table 379-0031
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