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July 31, 2018CANADA GDP BY INDUSTRY, MAY 2018 Real GDP in Canada increased 0.5 per cent in May 2018 compared to April, after increases of 0.1 per cent in April and 0.3 per cent in March.
The output of the goods-producing industries increased 0.6 per cent in May. The mining, quarrying and oil and gas extraction sector was up 1.8 per cent, largely due to increased crude bitumen extraction in Alberta following maintenance and capacity-expansion-related shutdowns at some facilities in April. Manufacturing increased by 0.1 per cent, with an increase in non-durable manufacturing (+0.9 per cent) partially offset by a decline in durables (-0.7 per cent). Construction increased 0.7 per cent with gains in residential and repair construction. Utilities output declined 2.4 per cent as warmer weather returned across the country.
Service-producing industries output was up 0.5 per cent in May. Several sectors which had declined in April due to the colder weather saw offsetting changes in May. The retail sector was up 2.0 per cent, with increases in motor vehicle and parts dealers, building material and garden equipment and supplies dealers, clothing and clothing accessories, and general merchandise stores. Wholesale trade was up 1.4 per cent with the largest increase reported in building material and supplies wholesaling. Food services and drinking places were up 0.9 per cent following a 1.1 per cent decline in April. Offices of real estate agents and brokers was down 2.7 per cent, in part due to declining home sales in British Columbia.
GDP was 2.7 per cent higher in the first five months of 2018 (January to May) than the same period in 2017. Year-to-date growth was 4.1 per cent in the goods-producing sector, with all subsectors except agriculture, forestry, fishing and hunting (-0.3 per cent) reporting positive growth over the same period last year. The service-producing sector increased 2.2 per cent, with all subsectors reporting growth except information and cultural industries (-0.4 per cent) and management of companies and enterprises (-1.2 per cent).
Statistics Canada. Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)
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