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For additional information relating to this article, please contact:

Thomas Storring Director of Economics/Statistics
Tel: 902-424-2410Email: Thomas.Storring@novascotia.ca

January 31, 2018
CANADA GDP BY INDUSTRY, NOVEMBER 2017

Real GDP in Canada increased 0.4 per cent in November 2017 compared to October 2017, after growth of 0.0 per cent in October.

Growth in output of goods-producing industries increased 0.8 per cent in November. Manufacturing output was up 1.8 per cent with increases in non-durable (+1.1%) and durable (+2.5%) subsectors. After declining 21.5 per cent over the past four months, motor vehicle manufacturing rose 14.3 per cent in November; partially due to return to production of some plants following shutdowns. Among non-durable manufacturing, chemical manufacturing increased after three months of decline as plant maintenance shutdowns ended and exports expanded. Plastic/rubber, food and paper manufacturing all increased while petroleum and coal declined. Mining, quarrying, and oil and gas increased 0.5 per cent with increase in oil and gas extraction subsector and lower output in potash, coal, and metal ore. Construction was up 0.1 per cent in November with growth in non-residential construction and a slight decline in residential and repair construction. Agriculture, forestry, fishing and hunting (-0.1%) declined for the 9th time in past 12 months.

Services-producing sector output was up 0.3 per cent in October with wholesale (+0.5%) and retail (+0.6%) sectors both continuing to grow and the retail sector influenced by promotional events at electronics/appliances, clothing and general merchandise stores. Real estate, rental and leasing rose 0.4 per cent in November with real estate agents and brokers increasing for the fourth consecutive month with a gain of 4.0 per cent with home resale activity in Ontario and Alberta. Finance and insurance grew after four months of decline and there was a 0.3 per cent rise in professional services.

 

 

Comparing year to date (January-November) 2017 to the same period in 2016, the Canadian economy is 3.4 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 (+9.2 per cent), utilities (+3.9 per cent), manufacturing (+3.4 per cent), and construction (+3.0 per cent).

GDP for service-producing industries is up 2.9 per cent on increases in all subsectors except management of companies and enterprises (-3.2 per cent). 

 Statistics Canada: CANSIM table 379-0031



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