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October 30, 2026CANADA GDP BY INDUSTRY, AUGUST 2026 Month-over-month (August 2026 vs July 2026)
Real Gross Domestic Product (GDP) in Canada was virtually unchanged in August 2026 compared with the previous month as a 0.1% increase in goods-producing industries was offset by a 0.1% decline in services-producing industries.
Real GDP in Canada's goods-producing industries rose 0.1% from July to August.
Real GDP in Canada's services-producing industries fell 0.1% from July to August.
In August 2026, 10 of Canada's key industry sub-sectors reported real GDP growth compared to the previous month.
Among goods-producing industries, growth in manufacturing and construction was partially offset by declines in utilities and agriculture/forestry/fishing. Construction rose for the fifth consecutive month at 0.2%, while the utilities sector contracted 0.4%.
Service-producing industries reported growth in 7 subsectors, led by retail. Retail trade growth of 1.2% was driven by increases in most subsectors on continued strength in motor vehicle/parts sales and a rebound in food and beverage retailers. Wholesale trade declined 1.4%, while company management reported the fastest decline, though this is a relatively small industry.
Year-to-date (January-August 2026 vs January-August 2025)
The Canadian economy was 1.2% larger in the first eight months of 2026 when compared to the same period of 2025.
Real GDP from goods-producing industries grew 0.5% as declines in manufacturing, construction, and agriculture/forestry/fishing were offset by gains in mining/oil/gas.
Real GDP from services-producing industries was up 1.5% with gains in most industries. The strongest gains were in information/culture, finance/insurance, and transportation/warehousing. Notable declines were reported in company management (though this is a small industry) and education.
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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