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Rise in manufacturing contributes to overall real GDP increase in February 2013

Published by Stephanie Brooks on April 30, 2013

Manufacturing output grew to 0.8 per cent in February 2013, following a 0.6 per cent gain the month prior. Increases were seen primarily in the production of durable goods, transportation equipment, non-metallic mineral products and computer/electronic products.

Further, growth was experienced in chemical, food, clothing and leather products manufacturing.

Overall real gross domestic product (GDP) rose 0.3 per cent – the same it did in January 2013. Mining, quarrying, oil and gas extraction, construction, utilities and agriculture and forestry also contributed to the growth.

The output of service industries increased 0.1 per cent, primarily due to growth in arts and entertainment, the public sector, and finance and insurance. Meanwhile, accommodation/food services, administrative and professional services and wholesale trade decreased.

For more information, please see Statistics Canada’s report, here

Found in: gdp

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