StatsCan just released their GDP review for May, and overall, Canada’s real gross domestic product increased by 0.1%. It had remained unchanged throughout the month of April.
The breakdown per industry in May is as follows:
- Manufacturing incrased by 0.1%
- Manufacturers of non-durable goods increased by 0.8%
- Manufacturers of durable goods decreased by 0.4%
- Forestry and logging increased by 7.7%
- Construction: decreased by 1.6%
- Residential building construction decreased by 3.8%
- Non-residential building rose 0.8%
- Sales of existing homes decreased by 11.3%
- Service-producing industries: down by 0.1%
- Finance and Insurance increased by 0.5%
- Retail increased by 0.3%