“Real gross domestic product (GDP) edged up 0.1% in April as 12 of 20 industrial sectors increased,” Statistics Canada announced on Friday.
Key takeaways from the official press release
- After a decline in January, GDP has risen every month since the beginning of 2018.
- The output of goods-producing industries rose 0.2%, as gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction.
- Services-producing industries were essentially unchanged overall as a notable decline in retail trade was offset by increases in the majority of subsectors.
- Wholesale trade edged up 0.1% in April, following a 0.8% increase in March.
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