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Canada's GDP increases 0.3 pct in October

Tan KW
Publish date: Tue, 24 Dec 2024, 07:19 AM
Tan KW
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OTTAWA, Dec. 23 -- Canada's real gross domestic product (GDP) increased 0.3 percent in October, following a 0.2 percent increase in September, Statistics Canada said Monday.

After four consecutive monthly declines, the goods-producing industries rose 0.9 percent, with mining, quarrying, and oil and gas extraction contributing the most to the growth in October, the national statistical agency said.

The services-producing industries edged up 0.1 percent, in large part due to increased activity in the real estate and rental and leasing sector. This was the fifth consecutive month of growth for the services-producing industries, the agency said.

Advance information indicates that real GDP decreased 0.1 percent in November. Decreases in mining, quarrying, and oil and gas extraction, transportation and warehousing, and finance and insurance were partially offset by increases in accommodation and food services and real estate and rental and leasing, said Statistics Canada.

 


  - Xinhua

 

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