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October 31, 2017CANADA GDP BY INDUSTRY, AUGUST 2017 Real GDP in Canada decreased 0.1 per cent in August 2017, after being essentially unchanged in July.
Growth in output of goods-producing industries was -0.7 per cent in August. Mining, quarrying and oil and gas extraction (-0.8 per cent) fell for third consecutive month as the oil and gas subsector contracted 1.4 per cent on the month. Mining and quarrying (except oil and gas) increased 2.5 per cent. Manufacturing fell 1.0 per cent as non-durable manufacturing decreased 2.0 per cent with a 7.3 per cent decline in Chemical manufacturing from plant maintenance and lower export demand. Other notable manufacturing declines occurred with petroleum and coal products and plastic and rubber products. Construction was down 0.1 per cent with lower residential construction offsetting higher repair and non-residential construction. Utilities were down 0.8 per cent from cooler weather reducing electricity demand for air conditioning.
Services-producing sector output was up 0.1 per cent in August. Wholesale trade was up while retail sector declined 0.4 per cent. Real estate rental and leasing was up 0.2 per cent after four months of decline with increases activity at real estate offices in Toronto and Vancouver. Finance and insurance gained 0.2 per cent. Air transportation was up 2.1 per cent for the third consecutive month with increases in both Canadian and other countries to Canada travellers. The public sector (education, health, and public administration) was up 0.2 per cent, rising for the seventh month in a row.
Comparing year to date (January - August ) 2017 to the same period in 2016, the Canadian economy is 3.5 per cent larger this year than last.
Goods production is up 5.0 percent with increases in all subsectors except agriculture, forestry, fishing and hunting. Gains were led by mining, quarrying and gas extraction (+13.0 per cent), utilities (+3.4 per cent), manufacturing (+3.2 per cent), and construction (+1.9 per cent).
GDP for service-producing industries is up 2.9 per cent on increases in all subsectors except management of companies and enterprises (-2.4 per cent).
Note that with this release, Statistics Canada has revised this series back to January 2016.
Statistics Canada: CANSIM table 379-0031
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