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, February 2013

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/30/2013 | 03:55pm CEST

Real gross domestic product grew 0.3% in February, the same pace as in January. Mining, quarrying, and oil and gas extraction was the main source of growth in February.

Goods production expanded 0.9% in February, owing mainly to increases in mining, quarrying, and oil and gas extraction and in manufacturing. Construction, utilities, as well as the agriculture and forestry sector also grew. The output of service industries edged up 0.1%, mainly as a result of gains in arts and entertainment, the public sector (education, health and public administration combined) and the finance and insurance sector. In contrast, accommodation and food services, administrative and professional services and wholesale trade declined.

Chart 1 
Real gross domestic product rises in February

Chart description: Real gross domestic product rises in February

CSV version of chart 1

Mining, quarrying, and oil and gas extraction expands

Mining, quarrying, and oil and gas extraction expanded 2.2% in February, a fifth consecutive monthly increase.

Mining and quarrying (excluding oil and gas extraction) grew 6.4% as a result of a significant increase in output at potash mines. Metallic mineral and coal mining were also up in February.

Oil and gas extraction rose 1.0%, as a result of increases in oil production. This follows a 0.2% decline in January.

Support activities for mining and oil and gas extraction (+1.2%) also advanced, with increases in drilling and, to a lesser extent, rigging services.

Chart 2 
Mining, quarrying, and oil and gas extraction expands in February

Chart description: Mining, quarrying, and oil and gas extraction expands in February

CSV version of chart 2

Manufacturing output increases again

Manufacturing output was up 0.8% in February, following a 0.6% gain in January. Durable goods production grew 0.7% with increases in transportation equipment, non-metallic mineral products, and computer and electronic products. Non-durable goods production increased 1.0% in February. Growth in chemical, food as well as clothing and leather products more than offset declines in paper and petroleum and coal products manufacturing.

Construction increases

Construction increased 0.2% in February. Engineering and repair construction advanced, as did residential and non-residential building construction.

The output of real estate agents and brokers decreased 0.8% in February, as activity in the home resale market was down.

The finance and insurance sector advances

The finance and insurance sector rose 0.2% in February, mainly as a result of an increase in financial investment services.

Wholesale trade declines while retail trade edges up

Wholesale trade was down 0.2% in February, after rising 0.5% in January. The main declines were in the wholesaling of machinery, equipment and supplies, of personal and household goods and of farm products. These declines outweighed gains in the wholesaling of motor vehicles and parts as well as of food, beverage and tobacco products.

Retail trade edged up 0.1% in February. Increased activity at general merchandise stores and at motor vehicles and parts dealers was almost offset by declines at clothing and clothing accessories stores, gasoline stations, as well as furniture and home furnishings stores.

Other industries

The arts and entertainment sector increased 3.3% in February after growing 4.0% in January, mainly the result of a continued rebound following the end of a labour dispute in professional hockey. In contrast, accommodation and food services were down 1.0%, in parallel with a decrease in the number of international travellers to Canada.

The public sector (education, health and public administration combined) edged up 0.1%.

Utilities rose 0.4%, with increases in the demand for both electricity and natural gas.

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

Chart description: Main industrial sectors' contribution to the percent change in gross domestic product, February 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
05:20a LOTTE CHEMICAL : chairman defeats brother's challenge, retains control at AGM
05:18a BRIEF : Xcel Energy official hosting public discussion in Boulder
05:18a China-backed AIIB approves fund to support members for project preparation
05:16a ABA AMERICAN BASKETBALL ASSOCIATION : Signs mou with fubu-tv
05:11a SAP SE : June 02, 2016SAP Appoints New President to Lead Team Offering Solutions for SMBs ›
05:11a HENGXIN TECHNOLOGY : Supplemental Agmt To The Acquisition Of 24% Equity Interest In Mianyang Siemax & Capital Injection
05:04a CHINA AIRLINES : CAL flights from Taoyuan, Songshan airports canceled Friday
05:04a HYUNDAI HCN : Officer allegedly fled hospital after fatal wreck
05:02a 'GAME OF THRONES' SEASON 6 FINALE : When is it, what time does it start, is it streaming?
05:02a BRIEF : Two of El Paso's publicly traded companies take a hit
Latest news
Advertisement
Hot News 
ELECTRO RENT : Platinum Equity Increases Electro Rent Purchase Price Offer to $15.50 Per Share
Incipio Group to Acquire Skullcandy; Create Leading Technology, Creative Culture and Mobile Lifestyle Company
FINISH LINE : Reports First Quarter Fiscal Year 2017 Results
SERVISFIRST BANCSHARES, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)
LINCOLN NATIONAL : LGBT Employees Engaging More with Workplace Benefits Following Marriage Equality Ruling of 2015
Most Read News
07:16p WORLD BANK : Vietnam’s Climate Change and Green Growth Agenda Receives $90 million Boost
Most recommended articles
11:20p LOTTE CHEMICAL : chairman defeats brother's challenge, retains control at AGM
11:18p China-backed AIIB approves fund to support members for project preparation
10:04pDJJOACHIM FABER : Deutsche Börse, LSE to Push Ahead with Merger Despite 'Brexit' Vote--Update
10:01pDJDEUTSCHE BOERSE : Correction to Deutsche Börse, LSE to Push Ahead with Merger Despite 'Brexit' Vote
09:17pDJEnergy Transfer Can Escape Williams Takeover, Judge Rules -- 2nd Update