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December 22, 2017CANADA GDP BY INDUSTRY, OCTOBER 2017 Real GDP in Canada was flat in October 2017 compared to September 2017, after growth of 0.2 per cent in September.
Growth in output of goods-producing industries down 0.4 per cent in October. Mining, quarrying and oil and gas extraction (-1.1 per cent) decreased after a monthly increase in September. The oil and gas extraction subsector declined 0.7 per cent on the month, while non-conventional oil and gas extraction fell 3.5 per cent in October, reflecting a loss of capacity during maintenance operations. Manufacturing edged up as non-durables (+0.3%) were partially offset by a decline in durable industries (-0.1%). Non-residential and residential construction activities were both down on the month.
Services-producing sector output was up 0.2 per cent in October with wholesale (+1.4%) and retail (+1.1%) sectors both expanding. Six of nine wholesale subsectors grew, and 7 of 12 retail subsectors saw increases as well, led by a 2.3 per cent increase in motor vehicle and parts dealers. Food and beverage (+1.0%), general merchandise stores (+2.4%), and building materials and garden equipmetn supplies (+2.0%) all saw gains. In the wholesale subsectors, machinery, equipment and supplies gained 3.4 per cent, personal and household goods grew by 3.2 per cent, and petroleum products increased by 3.1 per cent. Wholesaling of motor vehicles and parts declined 1.7 per cent as auto imports decreased.
Comparing year to date (January-October) 2017 to the same period in 2016, the Canadian economy is 3.3 per cent larger this year than last.
Goods production is up 4.6 percent with increases in all subsectors except agriculture, forestry, fishing and hunting. Gains were led by mining, quarrying and gas extraction (+9.7 per cent), utilities (+3.4 per cent), manufacturing (+3.1 per cent), and construction (+2.9 per cent).
GDP for service-producing industries is up 2.8 per cent on increases in all subsectors except management of companies and enterprises (-3.1 per cent).
Statistics Canada: CANSIM table 379-0031
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