Real gross domestic product (GDP) edged up 0.1% in June, following an essentially unchanged May.
Both services-producing (+0.2%) and goods-producing (+0.1%) industries were up, as 14 of 20 industrial sectors expanded in June.
Advance information indicates that real GDP edged down 0.1% in July. Output was down in the manufacturing, wholesale, retail trade and utilities sectors. Declines were partly offset by increases in the mining, quarrying, oil and gas sector and the agriculture, forestry, fishing and hunting sector. Owing to its preliminary nature, this estimate will be updated on September 29 with the release of the official GDP data for July.
Transportation and warehousing sector keeps growing
The transportation and warehousing sector edged up 0.1% in June, after four months of strong growth. Widespread growth across subsectors was largely offset by a 3.7% decline in the rail transportation subsector in June, when volume of goods moved by rail decreased.
Urban transit systems rose 2.3% in June, up for a fifth consecutive month, as many Canadians continued to transition back to in-person or hybrid work and decreased their time at home.
Second quarter of 2022
Real GDP expanded 1.0% in the second quarter of 2022, up for a fourth consecutive quarter.
Services-producing industries increased 1.0% and were by far the largest contributors to growth. After showing significant declines or limited growth in the first quarter of 2022 due to the COVID-19 Omicron variant, many services-producing industries, particularly client-facing ones, rebounded in the second quarter. Overall, goods-producing industries also rose 1.0% in the second quarter, marking its third consecutive quarterly increase.
Wholesale trade was a large constraint on growth in the second quarter, down 2.0%. Wholesalers of building materials and supplies were among the largest contributors to the decline, partly due to slowing new home construction and renovation activity.
To view the full report, visit the Statistics Canada website.
