Canada’s GDP grows 0.3 percent in September

Wednesday, 30 November 2016 01:10:13 (GMT+3)   |  
       

According to Statistics Canada, real gross domestic product rose for the fourth consecutive month in September, growing 0.3 percent. Higher output in the mining, quarrying, and oil and gas extraction sector was the major contributor to the increase.

Goods-producing industries grew by 1.1 percent as all sectors increased, led by mining, quarrying and oil and gas extraction. The output of the mining, quarrying and oil and gas extraction sector was up 2.7 percent in September. After declining in the first half of 2016, the output of this sector has grown every month since June, reversing the earlier declines.
 
Mining excluding the oil and gas extraction subsector fell 2.0 percent. After recording a strong August, non-metallic mineral mining declined 3.9 percent in September as a result of a decrease in potash mining due to lower exports. Coal mining and metal ore mining also posted lower output.
 
Construction increased 0.7 percent in September following four consecutive monthly declines. Residential construction was the major contributor to the increase, rising 1.7 percent. Non-residential and repair construction also rose, while engineering construction edged down.
Manufacturing output rose 0.5 percent in September. Both durable and non-durable manufacturing contributed to the growth.


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