Canada sees slight GDP growth in June

2021-09-01 01:59

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OTTAWA, Aug. 31 (Xinhua) -- Canada's real gross domestic product (GDP) grew 0.7 percent in June 2021, according to Statistics Canada on Tuesday.

The growth came after two consecutive monthly declines, placing total economic activity 1.5 percent below the pre-COVID-19 pandemic level in February 2020.

Overall 15 of 20 industrial sectors rose, with services-producing sector rising 0.7 percent and goods-producing industries climbing 0.9 percent.

Retail trade expanded 4 percent in June, partially offsetting the declines in April and May as eight of 12 subsectors rose in the month.

Wholesale trade declined 1.5 percent in June, the fourth decrease in five months, as five of nine subsectors were down.

The manufacturing sector grew 1.3 percent in June as both durable and non-durable goods manufacturing increased.

The public sector, which included educational services, health care and social assistance, and public administration, edged up 0.4 percent in June as an increase in federal government public administration more than offset declines in local, municipal and regional and aboriginal public administration.

Mining, quarrying, and oil and gas extraction were up 1.7 percent in June, more than offsetting declines in the previous two months, as all three subsectors were up while utilities jumped 3.6 percent, the largest monthly growth rate since January 2004, led by a 4.4 percent increase in electric power generation, transmission and distribution.

Transportation and warehousing rose 1.1 percent in June as the majority of subsectors were up while construction fell 0.9 percent, following a 2.4 percent decline in May, as most types of construction activities were down in June.

After three consecutive quarters of growth, real GDP by industry was essentially unchanged in the second quarter. Increases and decreases were evenly split in the quarter as 10 sectors increased and 10 sectors decreased. Both goods-producing and services-producing industries were essentially unchanged.
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