Manufacturing sector helps Canada’s GDP grow 0.6 percent in January

Friday, 31 March 2017 00:38:16 (GMT+3)   |   San Diego
According to Statistics Canada, gross domestic product grew 0.6 percent in January on the strength of widespread growth across both goods- and service-producing industries. With the exception of October, gross domestic product has risen every month since June 2016.
 
Goods-producing industries grew for the seventh time in eight months, increasing by 1.1 percent in January. Service-producing industries rose 0.4 percent, their highest monthly growth rate since June 2015.
 
The manufacturing sector was the largest contributor to the increase in gross domestic product, expanding 1.9 percent in January. With the exception of October, the manufacturing sector has grown every month since June 2016.
 
Transportation equipment was up 0.6 percent, as growth in motor vehicle, motor vehicle body and trailer, aerospace product and parts and railroad rolling stock manufacturing was partly offset by declines in manufacturing of motor vehicle parts and other transportation equipment.
 
Mining and quarrying excluding oil and gas extraction was up for the fourth month in a row, rising 1.1 percent in January. Metal ore mining gained 4.4 percent, as iron ore mining, copper, nickel, lead and zinc ore mining and gold and silver ore mining expanded, in part from higher exports.
 
The construction sector expanded 0.4 percent in January. Residential construction (+0.5 percent) was up for a third consecutive month on increased alterations and improvements and a rise in apartment construction. Repair construction and engineering and other construction activities rose while non-residential construction declined as industrial, public and commercial construction contracted.

Similar articles

Canadian manufacturing sales decreased 2.8 percent in April 2025

05 Aug | Steel News

Canadian manufacturing sales increased 0.2 percent in February

06 Jun | Steel News

Canada grants certain reliefs to businesses in face of tariffs

23 Apr | Steel News

Canadian manufacturing sales increases 1.7 percent in January from December

01 Apr | Steel News

Trump administration doubles tariffs against Canada to 50 percent effective March 12

11 Mar | Steel News

Canadian manufacturing sales increases 0.3 percent in December

27 Feb | Steel News

Canadian manufacturing sales increase 0.8 percent in November

25 Jan | Steel News

Canadian manufacturing sales up 0.7 percent in February

15 Apr | Steel News

Canadian manufacturing sales up 0.2 percent in January

14 Mar | Steel News

Canadian manufacturing sales down 0.7 percent in December

15 Feb | Steel News