By Robb M. Stewart
OTTAWA--Canadian economic output grew for a second month running in February, fueled by a rebound in natural resources production and increases in services-producing industries led by transportation and warehousing.
Gross domestic product, a broad measure of goods and services produced across the economy, rose 0.2% from the month before to 2.218 trillion Canadian dollars, the equivalent of $1.624 trillion, Statistics Canada said Tuesday. Economists were expecting GDP to rise 0.3%, following downwardly revised growth in January of 0.5%.
On a one-year basis, GDP increased 0.8%.
The data agency said that advance information indicates GDP was essentially unchanged month-over-month in March, though the estimate will be updated.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
04-30-24 0850ET
