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May 01, 2018CANADA GDP BY INDUSTRY, FEBRUARY 2018 Real GDP in Canada increased 0.4 per cent in February 2018 compared to January 2018, after a decline of 0.1 per cent in January.
The output of the goods-producing industries increased 1.2 per cent in February. Mining, quarrying and oil and gas extraction was up 2.4 per cent as production began returning to normal levels at some facilities that experienced capacity issues in January. Mining (excluding oil and gas) grew 1.9 per cent after four months of decline with increases in potash, iron ore, gold/silver ore offseting declines in copper, nickel, lead and zinc; and other metal ore mining. Manufacturing increased 1.0 per cent in February with an increase in durable manufacturing, including transportation equipment, aerospace, and fabricated metal products. Non-durable manufacturing was essentially unchanged. Construction activity was up with growth of 1.3 per cent in residential construction, 0.6 per cent in non-residential building construction, and 1.6 per cent in repair construction.
Service-producing industries output increased 0.1 per cent in February with most subsector seeing growth. Real estate and rental and leasing had its first back-to-back monthly decline since 2010 with the output of offices of real estate agents and brokers declining with lower home resale activity in the majority of Canadian markets following the implementation of new mortgage lending rules in January 2018. Wholesale trade declined 0.5 per cent while retail growth was up 0.3 per cent after three consecutive monthly declines. Transportation and warehousing increased 0.5 per cent in February with gains in truck, air, and support activities for transportation offsetting lower pipeline transportation.
The public sector grew 0.1 per cent in February with increases in education, health care and public administration.
GDP was 2.9 per cent higher in January-February 2018 than January-February 2017. Year-to-date growth was 3.9 per cent in the goods-producing sector and 2.5 per cent in the service-producing sector.
Statistics Canada: CANSIM table 379-0031
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