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April 29, 2016
CANADA GDP BY INDUSTRY, FEBRUARY 2016

After growing for four consecutive months, Canada's real GDP declined 0.1 per cent in February 2016. The output of the goods-producing industries declined while the output of service-producing industries was unchanged. Compared to February 2015, real GDP for the Canadian economy is 1.5 per cent larger.                                                                                             

 

 

 

Goods-producing industries output contracted 0.9 per cent with manufacturing output falling after three months of growth. Durables goods declined with lower transportation equipment, wood products, computer and electronic products, and furniture. Non-durable goods were up 0.4 per cent with gains in chemical, pharmaceutical and medicine. Mining, quarrying and oil and gas extraction was down with lower support activities and oil and gas extraction.

Service-producing industries were unchanged (0.0%) due to broad-based decline in wholesale trade (-1.8%) offseting gains in other sectors. Retail trade expanded 1.4 per cent after rising in January with gains in clothing, food, and general merchandise stores. The finance and insurance sector edged up 0.1 per cent on rising banking and insurance services. Accommodation and food services were up with accommodation gains offsetting lower foods services. The public sector (education, health, public administration combined) edged up 0.1 per cent.

 

Comparing Jan-Feb 2016 and Jan-Feb 2015, the Canadian economy is 1.5 per cent larger this year than last. Goods production is down 0.1 per cent with declines in mining, quarrying, and oil and gas extraction, utilities, and construction offsetting higher agriculture, forestry, fishing and manufacturing. Services production is up 2.2 per cent on increases most subsectors and small declines in information and cultural, administration and support, and others services.

Statistics Canada: CANSIM table 379-0031