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November 29, 2024CANADA GDP BY INDUSTRY, SEPTEMBER 2024 Month-over-month (September 2024 vs August 2024)
Real Gross Domestic Product (GDP) in Canada grew 0.1% in September following revised growth of 0.02% in August 2024.


Real GDP in Canada's goods producing industries declined 0.3% from August to September 2024.

Real GDP in Canada's services-producing industries was up 0.2% from August to September 2024.

In September 2024, 12 industries reported higher real GDP compared to the previous month. Among broad industries, monthly GDP gains were strongest for retail, wholesale, transportation/warehousing, construction and accommodation/food services. The largest declines were reported for management of companies and mining/oil and gas.

Year-to-date (January-September 2024 vs January-September 2023)
The Canadian economy was 1.3% larger in January-September 2024 when compared to the same period of 2023.
Real GDP from goods producing industries was down 0.2% while there were gains in resource industries. Both construction (-1.4%) and manufacturing (-3.2%) reported notable declines in real GDP.
Real GDP from services-producing industries was up 1.9% with gains in most industries. The year-to-date real GDP declines were in company management (-32.5%, though this is a small industry) and administrative/support/call centres (-0.5%). The strongest increases were in transportation/warehousing (+3.4%), health/social assistance (+3.0%), finance/insurance (+2.5%) and public administration (+2.4%).

Source: 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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