For additional information relating to this article, please contact:
January 30, 2015GDP BY INDUSTRY NOVEMBER 2014 Canada's real GDP declined by 0.2 per cent for the month of November 2014 to a seasonally-adjusted annual rate of $1.65 trillion dollars (chained (2007) dollars at basic prices). The decline follows growth of 0.3 per cent and 0.4 per cent in October and September. Compared to November 2013, GDP was 1.9 per cent higher.
Goods production was down 0.8 per cent in November due mainly to decline in mining, oil and gas extraction and manufacturing. Manufacturing output fell 1.9 per cent with declines in both durable and non-durables goods. Mining, oil, and gas extraction decreased 1.5 per cent after increases of 1.9 per cent and 1.2 per cent the previous two months. Oil and gas extraction was down 0.7 per cent on decline in non-conventional oil extraction and support activities were down on lower rigging services. Construction was unchanged with non-residential building and engineering construction offsetting declines in residential building and repairs.
Services activity was flat compared to October 2014. Wholesale trade was down 0.6 per cent on decreases in machinery, equipment and supplies offsetting gain in motor vehicles and household goods. Retail trade was up 0.9 per cent.
For the first eleven months of 2014, Canada GDP was 2.3 per cent larger than 2013. Goods-producing industries were up 2.2 per cent on higher mining, quarrying, and oil and gas and manufacturing activity offsetting a fall in agriculture, forestry, fishing and hunting. Service-producing industries were up 2.3 per cent with all major sub components growing.
Statistics Canada Cat. No. 15-001-X, CANSIM 379-0031