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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

March 02, 2018
CANADA GDP BY INDUSTRY, DECEMBER 2017 AND 2017 ANNUAL

Real GDP in Canada increased 0.1 per cent in December 2017 compared to November 2017, after growth of 0.4 per cent in November.

Growth in output of goods-producing industries declined 0.1 per cent in December. Manufacturing and Construction both posted declines (-0.7% and -0.3%, respectively) with decreases in non-durable (-0.9%) and durable (-0.5%) subsectors. Mining, quarrying, and oil and gas expanded 0.6 per cent in December, rising for a second consecutive month.  Oil and gas was up 1.4 per cent, and mining (excluding oil and gas) was down 1.8 per cent, a third monthly decline.

Within the manufacturing sectors, chemical manufacturing was down 2.2 per cent, food manufacturing was down 1.3 per cent, and printing and related support activites was down 5.5 per cent. Durable manufacturing saw transportation manufacturing decline 1.4 per cent, as most industry groups decreased.  There were some gains, however, in miscellaneous manufacturing and in computer and electronics. 

Eight of twelve subsectors in retail trade declined, owing in part to a change from seasonal increases in shopping behaviour in November. Wholesale trade saw six of nine subsectors decline.

Finance and Insurance rose 0.5 per cent in December, with financial investment services increasing 2.3 per cent. 

The public sector grew 0.2 per cent in December as educational services were up 0.6 per cent. A five week strike in Ontario ended on November 19th with the passing of back to work legislation.  Health care and social assistance was up 0.3 per cent, while public administration was down 0.1 per cent.  

 

 

ANNUAL

Annual GDP was up 3.3 per cent in 2018 over 2017, with goods producing industries increasing 4.6 per cent and services producing industries increasing 2.8 per cent. Gains were led by mining, quarrying and gas extraction (+7.8 per cent), utilities (+4.1 per cent), and construction (+3.9 per cent).

GDP increases for service-producing industries was led by wholesale trade (+7.5%), retail trade (+4.9%), transportation and warehousing (+4.8%), and professional, scientific and technical services (+3.2%). All other subsectors saw increases, with the exception of management of companies and enterprises, which declined 3.4 per cent over 2017.  

 

 

 Statistics Canada: CANSIM table 379-0031



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