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- Canadian GDP edged up 0.1% in April as 12 of 20 industrial sectors increased
Canadian GDP edged up 0.1% in April as 12 of 20 industrial sectors increased
Real gross domestic product (GDP) edged up 0.1% in April as 12 of 20 industrial sectors increased. After a decline in January, GDP has risen every month since the beginning of 2018. The output of goods-producing industries rose 0.2%, as gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction.
Services-producing industries were essentially unchanged overall as a notable decline in retail trade was offset by increases in the majority of subsectors. Manufacturing was up 0.8% in April as the output of both durable and non-durable manufacturing grew.
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