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- Canadian GDP increased 0.4% in November. 17 of 20 industrial sectors increased
Canadian GDP increased 0.4% in November. 17 of 20 industrial sectors increased
Real gross domestic product (GDP) increased 0.4% in November, with widespread growth across industries as 17 of 20 industrial sectors increased.
Goods-producing industries rose 0.8% after declining 0.5% in October. November's gain was mainly due to increases in the manufacturing and mining, quarrying and oil and gas extraction sectors, partly as a result of restoration in production capacity. Meanwhile, services-producing industries rose 0.3%, led by the real estate and rental and leasing, wholesale, and retail trade sectors.
The manufacturing sector was up 1.8% in November, the largest monthly increase since February 2014 as the majority of subsectors grew. Non-durable manufacturing rose 1.1%, while durable manufacturing jumped 2.5%.
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