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December 23, 2025CANADA GDP BY INDUSTRY, OCTOBER 2025 Month-over-month (October vs September 2025)
Real Gross Domestic Product (GDP) in Canada contracted by 0.3% in October 2025, with declines in both goods and services producing industries.
Real GDP in Canada's goods producing industries fell by 0.7% from September to October 2025, more than reversing the gain from August to September.
Real GDP in Canada's services-producing industries decreased 0.2% from September to October 2025.
In October 2025, 11 of Canada's key industry sub-sectors reported real GDP declines compared to the previous month.
Among goods-producing industries, there were declines in all subsectors except utilities (which only increased slightly). Manufacturing reported the steepest decline, with particularly sharp declines in machinery, sawmills and pharmaceuticals. Maintenance downtime for several oil sands producers along with lower drilling/rigging activities weighed on real GDP in mining/oil/gas, though mining was up (led by a rebound in potash). Construction real GDP was also down due to residential and engineering construction declines.
Service-producing industries reported a real GDP decline of 0.2% compared to September. Statistics Canada noted the impacts of several labour disruptions, including the nation-wide postal strike, the teachers' strike in Alberta and a British Columbia strike among liquor retail/distribution workers. Equity and debt market activities contributed to an offsetting rise in finance and insurance industry real GDP.
Year-to-date (January-October 2025 vs January-October 2024)
The Canadian economy was 1.5% larger in January-October 2025 when compared to the same months in 2024.
Real GDP from goods-producing industries grew 1.3% as growth in mining/oil/gas, utilities, agriculture/forestry/fishing and construction more than offset the decline in manufacturing.
Real GDP from services-producing industries was up 1.5% with gains in most industries. The strongest gains were in finance/insurance, retail trade, and health care/social assistance. The fastest declines were in company management (though this is a small industry) as well as personal/repair services.
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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