Canada: After increasing 0.5% in March, real GDP rose 0.2% in April

"After increasing 0.5% in March, real gross domestic product (GDP) rose 0.2% in April as 14 out of 20 sectors grew," said the Statistics Canada on Friday.

Key highlights:

  • Service-producing industries increased 0.3% on widespread growth across sectors
  • Goods-producing industries were essentially unchanged as growth in mining, quarrying, and oil and gas extraction was largely offset by a decline in manufacturing
  • The mining, quarrying, and oil and gas extraction sector (+1.2%) grew for the third time in four months in April
  • The manufacturing sector continued its fluctuations since the beginning of 2017 with a 0.9% decline in April, largely offsetting a 1.0% increase in March as 12 of 18 subsectors declined

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