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September 27, 2024CANADA GDP BY INDUSTRY, JULY 2024 Month-over-month (July 2024 vs June 2024)
Real Gross Domestic Product (GDP) in Canada was up 0.16% in July following a revised 0.04% growth in June 2024.
Real GDP in Canada's goods producing industries was up 0.1% from June to July 2024.
Real GDP in Canada's services-producing industries was up 0.2% from June to July 2024.
In July 2024, 13 industries have grown from the previous month. Among broad industries, monthly GDP gains were strongest for utilities, retail and agriculture/forestry/fishing. The largest declines were reported for management of companies, information/culture, transportation/warehousing, and construction.
Year-to-date (January-July 2024 vs January-July 2023)
The Canadian economy was 1.0% larger in January-July 2024 when compared to the same period of 2023.
Real GDP from goods producing industries was down 1.1% with losses across most industries except agriculture/forestry/fishing (+0.4%) and mining/oil/gas (+4.2%).
Real GDP from services-producing industries was up 1.7% with gains in most industries. The year-to-date real GDP declines were in company management (-32.7%, though this is a small industry), administrative/support/call centres (-0.6%), and information/culture (-0.1%). The strongest increases were in transportation/warehousing (+3.1%), health/social assistance (+2.8%), and education (+2.6%).
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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