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
Latest news
Date Title
04:27a Fairmont Equities Stock Tips July 25 - ASB DOW ABC MGR REA
04:26a NINTENDO : shares plunge, company says Pokemon GO's earnings impact limited
04:11a NISSAN MOTOR : Perfect Weekend for Xavier Coupal in the Nissan Micra Cup!
04:10a EQS-NEWS : ASUSTeK to hold 2Q 2016 Investor Conference on August 12th
04:10a Emefcy Group Ltd Announces China Strategic Advisor Agreements
04:08a LAWSUIT : Men died on railroad tracks because they feared crossing bridge
04:01a TOBIRA THERAPEUTICS TO HOST CONFERENCE CALL AT 8 : 30 a.m. Eastern Time Tomorrow to Discuss CENTAUR Phase 2b Trial Results
04:01a MITSUBISHI ELECTRIC : to Supply Fastest Elevators in South Korea
03:54a Asian shares near nine-month peak, dollar shines
03:53a L'OREAL : To Buy IT Cosmetics For $1.2 Bln
Latest news
Advertisement
Hot News 
4.80%STANLEY BLACK & DECKER : Names New CEO, Raises Guidance
-6.75%PAYPAL : Visa profit tops estimates on higher payments volume
-2.57%HONEYWELL : Cuts Revenue Guidance
11.88%ADVANCED MICRO DEVICES : Correction to AMD earnings article
8.51%TSX at highest close in year, 4th weekly gain; telecoms shine
Most Read News
06:40p FUELLING THE FIRE : new coal technologies spell disaster for climate
08:13p CARDINAL RESOURCES LTD (ASX : CDV) High Grade Results Continue at Namdini
06:35p WOOLWORTHS : Update on Operating Model Review
07:10p LIQUEFIED NATURAL GAS : Quarterly Highlights and Appendix 4C
08:26p GENERAL MOTORS : Bénéfice trimestriel record pour General Motors
Most recommended articles
09:54p Asian shares near nine-month peak, dollar shines
09:45pDJCash-Strapped Governments Enjoy a Windfall in Low Borrowing Costs
09:45pDJTesla Races to Finish 'Gigafactory' in Time for Model 3 Rollout
09:42p NINTENDO : shares plunge, company says Pokemon GO's earnings impact limited
09:26pDJFACEBOOK : Cambodian Antigovernment Critic's Funeral Procession Attracts Tens of Thousands