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
10:46p Hong Kong Gifts & Premium Fair and the International Printing & Packaging Fair Attract 64,000+ Buyers
10:29p RENAULT : 'Irresistible' 2016 Duster
10:29p NISSAN MOTOR : unveils new model lineup at Auto China 2016
10:29p TOYOTA MOTOR : Mirai wins 2016 World Green Car Award
10:28p NORTHROP GRUMMAN : showcases key technologies to keep Kingdom secure
10:28p FERRARI NV : Hamilton fastest in Sochi
10:28p APPLE : today goes doc's way
10:28p ALMARAI : King Abdullah Port and 2030 Vision
10:28p JAZEERA AIRWAYS KSC : to start flights to Taif
10:24p STARBUCKS : opens first location in South Africa
Latest news
Advertisement
Hot News 
ANDALAS ENERGY AND POWER : Issue of Zero Coupon Loan Note
6D GLOBAL TECHNOLOGIES, INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
AVOLON : sustains strong performance as fleet increases to over 400 aircraft
PETRO MATAD : Expecting "Highly Material" Compensation From Partner
HML : Director Dealing April 2016
Most Read News
04/29 SAMARCO MINERAÇÃO : Citizen’s Home is inaugurated in Anchieta (ES)
04/29 EMERALD PLANTATION : Notice of Extraordinary General Meeting
12:15a NIOC NATIONAL IRANIAN OIL : Asias March Iran Oil Imports Up 50
04/29 Introducing New Villa Homes In The Charming Town Of Noblesville, IN
04/29 IMPORTANT LA QUINTA Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of La Quinta Holdings Inc. -- LQ
Most recommended articles
03:41p Buffett, Munger slam Valeant; drugmaker turned into 'a sewer'
03:19p BERKSHIRE HATHAWAY : Buffett says would pursue big Berkshire stock buyback if warranted
02:37p Buffett defends Berkshire's Coke stake, warns on BNSF
02:28p MARK DONEGAN : Buffett defends Berkshire's Coke stake, warns on BNSF
01:23p WARREN BUFFETT : Buffett defends Berkshire's big Coke stake