Canada’s August GDP stalls as goods production declines

Services sector provided some support, increasing by 0.1% mom, with notable gains in finance, insurance, and public administration.

However, the goods-producing sector contracted by -0.4% mom, marking its lowest point since December 2021, driven by declines in manufacturing and utilities.

Despite the overall stagnation, 12 out of 20 sectors showed growth, indicating resilience across much of the economy.

Early estimates for September indicate a modest recovery, with real GDP expected to rise by 0.3% mom.

مواضيع مرتبطة
التعليقات
or

For faster login or register use your social account.

Connect with Facebook