Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Statistics Canada : Gross domestic product by industry, April 2013

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/28/2013 | 03:26pm CEST

Real gross domestic product grew 0.1% in April, a fourth consecutive monthly increase. Service industries led the gain in April.

The output of service industries expanded 0.3% in April, with almost all major industrial groups recording increases. There were gains in wholesale and retail trade, the finance and insurance sector, the arts and entertainment sector, as well as the transportation and warehousing sector, while public administration edged down. In contrast, goods production decreased 0.3% as a result of a notable decline in mining, quarrying, and oil and gas extraction. Declines were also recorded in construction, while manufacturing, utilities and the agriculture and forestry sector rose.

Chart 1 
Real gross domestic product grows in April

Chart description: Real gross domestic product grows in April

CSV version of chart 1

Wholesale and retail trade increase

Wholesale trade was up 0.6% in April, after declining 0.5% in March. The wholesaling of machinery, equipment and supplies was the main contributor to wholesale growth in April. In contrast, food, beverage and tobacco wholesaling declined.

Retail trade increased 0.5% on the strength of motor vehicles and parts dealers and, to a lesser extent, health and personal care stores as well as miscellaneous store retailers. On the other hand, retailing activity at clothing and clothing accessories stores as well as building material and garden equipment and supplies dealers was down.

The finance and insurance sector grows

The finance and insurance sector grew 0.6% in April. Banking, financial investment services and, to a lesser extent, insurance services all increased.

Mining, quarrying and oil and gas extraction contracts

Mining, quarrying and oil and gas extraction contracted 1.5% in April, down for the first time in seven months.

Oil and gas extraction fell 2.7% in April, as a result of declines in both oil and gas production. This follows increases of 1.7% in March and 1.1% in February.

Chart 2 
Oil and gas extraction falls in April

Chart description: Oil and gas extraction falls in April

CSV version of chart 2

Mining and quarrying (excluding oil and gas extraction) decreased 0.6%, as a result of declines in output at potash and coal mines. In contrast, metallic mineral mining was up 1.0% in April.

Support activities for mining and oil and gas extraction rose 3.2% in April, on the strength of drilling services.

Manufacturing output increases

Manufacturing output grew 0.2% in April. Durable goods production increased 0.5%, led by gains in computer and electronic products and non-metallic mineral products. In contrast, primary metal and machinery manufacturing declined. Non-durable goods production fell 0.3% in April. Declines in petroleum and coal products, as well as chemical and food manufacturing more than offset gains in printing and related support activities, and textile, clothing and leather products manufacturing.

Construction decreases

Construction decreased 0.4% in April. Residential and non-residential building construction declined, as did engineering and repair construction.

The output of real estate agents and brokers rose 1.0% in April, up for a second consecutive month, as activity in the home resale market increased.

Other industries

The arts and entertainment sector increased 3.4% in April, mainly the result of an extended season following the end of a labour dispute in professional hockey.

The public sector (education, health and public administration combined) was unchanged in April, as gains in education and health care offset the decline in public administration.

Chart 3 
Main industrial sectors' contribution to the percent change in gross domestic product, April 2013

Chart description: Main industrial sectors' contribution to the percent change in gross domestic product, April 2013

CSV version of chart 3

Note to readers

The monthly gross domestic product (GDP) by industry data at basic prices are chained volume estimates with 2007 as the reference year. This means that the data for each industry and each aggregate are obtained from a chained volume index multiplied by the industry's value added in 2007. The monthly data are benchmarked to annually chained Fisher volume indexes of GDPobtained from the constant-price input-output tables up to the latest input-output tables year (2009).

For the period starting with January 2010, the data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are 2009 industry prices.

This approach makes the monthly GDPby industry data more comparable with the expenditure-based GDPdata, chained quarterly.

All data in this release are seasonally adjusted. For more information on seasonal adjustment, see

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news
Date Title
12:06p METASTAT : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS (form 10-K)
12:06p EURASIA MINING : Issues Shares For Services, Repays Loan (ALLISS)
12:06p TEXTMUNICATION HOLDGINGS : HOLDINGS, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
12:06p BAUMER : Smart Vision Lights Camera-to-Light Cables Available for Baumer Cameras
12:06p SONY : XperiaTM E5 brings iconic Sony design and performance to make everyday easier
12:06p STOCKNEWSNOW.COM : Publishes New SNNLive Video Interview with International Western Petroleum, Inc.
12:06p Global Lecture Capture Solutions Market 2016-2020 - Limited IT Infrastructure is a Major Market Challenge to Overcome
12:05p YY : posts 1Q profit
12:05p SITO MOBILE, LTD. : Other Events (form 8-K)
12:05p Partnership with Energy Optimizers, USA, expected to net $88,000 savings annually for Ripley Union Lewis Huntington Local Schools
Latest news
Advertisement
Hot News 
MATICA TECHNOLOGIES : launches S3200 printer for financial flat card issuance
HARBOURVEST HVGPE : HVPE Announces Audited Results for Year Ended 31 January 2016
MINCO : Swings To First-Quarter Loss On Foreign Exchange Loss
PROTON POWER SYSTEMS : Wins Seven-Year Fuel Cell Deal In Germany
EVGEN PHARMA : Pleased With "Significant Progress" Since AIM Listing
Most Read News
05:14a Brent crude lower on strong Middle East oil output
05/30 MOPHIE : expands wireless charging line with new ecosystem for leading mobile devices
Most recommended articles
06:03aDJMARKET SNAPSHOT : U.S. Stock Futures In Limbo With Action-packed Week Ahead
06:01aDJTOKYO ELECTRIC POWER : Tepco Affiliate in Talks to Buy Stake in Petronas's LNG Assets
06:00a Silver Prices Testing Support, Trend Lower Remains Strong
05:55aDJBOEING : Airbus Ponders How to Blunt Boeing Range Advantage
05:46aDJJazz Pharmaceuticals Agrees to Buy Celator for About $1.5 Billion