Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Statistics Canada : Gross domestic product by industry, November 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/31/2013 | 03:30pm CEST

Real gross domestic product grew 0.3% in November, following a 0.1% rise in October. Most major industrial sectors increased production in November. Goods production increased 0.6% while the output of service industries rose 0.1%.

Manufacturing and mining, quarrying and oil and gas extraction were the main contributors to the November increase. Wholesale and retail trade, utilities as well as transportation and warehousing services also rose. Construction and the public sector (education, health and public administration combined) were unchanged. In contrast, accommodation and food services and the finance and insurance sector decreased.

Chart 1 
Real gross domestic product grows in November

Chart description: Real gross domestic product grows in November

CSV version of chart 1

Manufacturing output expands

Manufacturing output expanded 0.7% in November following a 0.9% decrease in October.

Durable goods production rose 0.9% in November, on the strength of primary metal and transportation equipment manufacturing. Conversely, machinery manufacturing declined in November.

Non-durable goods manufacturing increased 0.5%. Growth in chemical, petroleum and coal products, as well as food manufacturing outweighed declines recorded by manufacturers of plastic and rubber products, beverage and tobacco products, and textile, clothing and leather products.

Chart 2 
Manufacturing output rises in November

Chart description: Manufacturing output rises in November

CSV version of chart 2

Mining, quarrying and oil and gas extraction increases

Mining, quarrying and oil and gas extraction increased 0.8% in November. Oil and gas extraction grew 0.8%, on the strength of crude petroleum extraction. Natural gas production decreased.

Mining excluding oil and gas extraction rose 1.6% in November. An increase in non-metallic and, to a lesser extent, metallic mineral production outweighed the decline in coal mining.

Support activities for mining and oil and gas extraction fell 0.5% in November, mainly because of a decline in drilling services.

Wholesale and retail trade rise

Wholesale trade rose 0.7% in November, mainly on the strength of the wholesaling of machinery, equipment and supplies, and petroleum products. On the other hand, the wholesaling of food, beverage and tobacco products declined.

Retail trade (+0.6%) increased for a third consecutive month in November. Motor vehicles and parts dealers were the main contributors to the growth. Retailing at electronics and appliances stores and furniture and home furnishings stores also increased. In contrast, declines were recorded at miscellaneous store retailers, and clothing and clothing accessories stores.

Construction is unchanged

Construction was unchanged in November. A decline in residential building construction was offset by increases in non-residential building and engineering construction as well as repair works.

The output of real estate agents and brokers decreased 1.1%, as activity in the home resale market declined.

Other industries

Utilities increased 1.4% in November, owing to higher demand for electricity.

Transportation and warehousing services increased 0.4%, mainly as a result of increases in rail and truck transportation, which benefitted from the strength in overall production in November. Support activities for transportation also increased, while pipeline transportation declined.

Accommodation and food services declined 0.9% in November, in parallel with a decrease in the number of overnight travellers to Canada.

Chart 3 
Main industrial sectors' contribution to the percent change in gross domestic product, November 2012

Chart description: Main industrial sectors' contribution to the percent change in gross domestic product, November 2012

CSV version of chart 3

Note to readers Revisions

Revised monthly national gross domestic product (GDP) by industry data covering the period January 2007 to October 2012 are released today. These changes are part of a comprehensive revision to the Canadian System of National Economic Accounts.

Periodically, monthly national GDP by industry data undergo historical revisions broader in scope than the regular revisions undertaken on an annual basis. These historical revisions are reserved for incorporating updated international national accounting concepts as well as classification updates and methodological and statistical improvements.

This release incorporates such changes back to January 2007. This release also incorporates the new input-output account benchmarks for reference year 2009, released on November 19, 2012. Revisions covering the period January 1997 to December 2006 are planned for release in September 2013.

Volume measures

The monthly 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 GDP obtained 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 GDP by industry data more comparable with the expenditure-based GDP data, 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 "Economy & Forex"
04/20UK DEPARTMENT FOR BUSINESS ENERGY & INDUSTRIAL ST : 'Best of British' enterprise celebrated on Her Majesty the Queen's birthday
PU
04/20Japan Aso - Discussed FX with U.S. Mnuchin as part of talks on economy
RE
04/20EU needs 'full' exemption from U.S. tariffs - France's Le Maire
RE
04/20Trade tensions set for brighter U.S. corporate spotlight
RE
04/20CITY OF SAN CLEMENTE CA : Final Update on April 13th Sewer Spill
PU
04/20IGU INTERNATIONAL GAS UNION : The International Gas Union concuded it’s last Executive Committee meeting prior to the World Gas Conference in Washington D.C. June 25-29th.
PU
04/20SCE CONSTRUCTION ON HAMNER AVENUE AT LIMONITE AVENUE 4/20/18 - 4/21/18 : Delays Expected
PU
04/20ROSA L DELAURO : DeLauro Statement on CDC E. coli Outbreak Update
PU
04/20AKIN GUMP STRAUSS HAUER & FELD LLP : by George (Chip) Cannon Jr., John Michael White
PU
04/20SANTA BARBARA COUNTY CA : Junior League of Santa Barbara Honors District Attorney of Santa Barbara County, Joyce E_ Dudley
PU
Latest news "Economy & Forex"
Advertisement