Canada: GDP rises 0.2% in August as expected

Canada's real gross domestic product rose 0.2% in August to CAD 1.68 trillion , Statistics Canada said Tuesday.

The rise came in line with market expectations, but below the 0.4% increase seen in July (downwardly revised from 0.5%).

According to Statistics Canada the output of goods-producing industries rose while service-producing industries were essentially unchanged. Wholesale trade, transportation and warehousing services, accommodation and food services as well as the public sector (education, health and public administration combined) increased. Declines were posted in the finance and insurance sector and retail trade.