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November 28, 2014GDP BY INDUSTRY SEPTEMBER 2014 Canada's real GDP grew by 0.4 per cent for the month of September 2014 to a seasonally-adjusted annual rate of $1.64 trillion dollars (chained (2007) dollars at basic prices). With the exception of August 2014's decline of 0.1 per cent, GDP has shown positive monthly gains throughout 2014.
Goods production was up 1.0% in September due mainly to gains in mining and oil and gas extraction, and manufacturing. In the services sector, growth of 0.2% was a reflection of wholesale and retail trade and finance and insurance. Declines occurred in the public sector, transportation and warehousing, and arts & entertainment.
Compared to the same month last year, real GDP was 2.3 per cent higher in September 2014 and on average over the first nine months, real GDP is 2.2 per cent higher in 2014 than 2013.
Among industries, the largest year to date growth occurred in mining and oil and gas (+5.9%), with notable declines in Ag, Forestry, Fishing and Hunting (-8.7%). In the services sector, the largest gains were in Transportation and Warehousing (+5.2%) and Wholesale Trade (+4.6%), while year to date declines occurred only in education (-0.1%).
Statistics Canada Cat. No. 15-001-X, CANSIM 379-0031