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September 30, 2014GDP BY INDUSTRY JULY 2014 Canada's real GDP was essentially unchanged for the month of July2014 at a seasonally-adjusted annual rate of $1.63 trillion dollars (chained (2007) dollars at basic prices). The previous six months all had positive growth including 0.3 per cent in June and 0.5 per cent in May. For the month of July, manufacturing and the public sector positive growth were offset by declining activity in mining and oil and gas extraction, agriculture and forestry, and utilities.
Manufacturing output grew 1.0 per cent in the month with widespread gains in durable-goods (+1.6%), and growth for food manufacturing, printing and related support activities, and plastic and rubber products manufacturing on the non-durable good (+0.4%) side of the industry. The public sector increased 0.5 per cent for the month with gains in educational services (+1.5%).
Mining, quarrying and oil and gas extraction fell 1.5 per cent in July with declining activity in all major components: oil and gas extraction (-1.6%), mining and quarrying (-1.7%), and support activities (-0.9%). Cooler than average temperatures in the month lowered demand for electricity and natural gas leading to a 2.3 per cent decline in utilities.
Compared to the same month last year, real GDP was 2.5 per cent higher in July 2014 and on average over the first seven months, real GDP is 2.5 per cent higher in 2014 than 2013.
Statistics Canada Cat. No. 15-001-X, CANSIM
379-0031