Following four months of growth, real gross domestic product was essentially unchanged in July as a decline in goods-producing industries was offset by an increase in services-producing industries.

Goods-producing industries were down 0.7% in July as output from all subsectors declined, with the exception of utilities. Services-producing industries were up for the fifth consecutive month, rising 0.3% as the majority of subsectors grew.

On a three-month rolling average basis, real gross domestic product increased 0.8%, the same growth rate as in June.

Industry Highlights

  • Manufacturing edged down 0.1% in July following a 1.3% decline in June, as an increase in inventory formation moderated some of the sales declines reported by the Monthly Survey of Manufacturing. 
  • The wholesale sector was up for the sixth time in seven months in July, rising 1.1%. 
  • Following 0.6% growth in June, retail trade edged up 0.1% in July with increases in six of twelve subsectors. 

For the full report, visit the Statistics Canada website. 

Source: Statistics Canada