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GDP up for the fourth month in a row

Canada’s real gross domestic product was up 0.1% in April to $1.62 billion, Statistics Canada announced June 30.
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gross domestic product, Statistics Canada, GDP up for the fourth month in a row

Canada’s real gross domestic product was up 0.1% in April to $1.62 billion, Statistics Canada announced June 30.

This marks the fourth consecutive monthly increase.

Growth was driven in part by a 0.3% increase in the output of service industries. The biggest jumps in this category were increases of 1.3% in both wholesale trade and accommodation and food services.

Output of goods-producing services industries fell 0.3% after increasing for three consecutive months.

Year-over-year, real GDP growth was 2.1% for all industries. The biggest gains were seen in mining, quarrying and oil and gas extraction (up 6.0%), durable manufacturing industries (up 4.0%) and industrial production (3.9%).

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@EmmaHampelBIV