“Real gross domestic product (GDP) was up 0.5% in May, after increasing 0.1% in April. The rise was widespread as 19 of 20 industrial sectors registered increases,” Statistics Canada reported on Tuesday.
Key quotes
- Industries affected by unusual weather conditions in April, including colder-than-normal temperatures across the country and an ice storm across Central and Eastern Canada, mostly had offsetting changes in May.
- The output of goods-producing industries rose 0.6%, led by gains in mining, quarrying, and oil and gas extraction.
- Services-producing industries rose 0.5% as all sectors increased.
- Wholesale trade was up 1.4% in May.
- The manufacturing sector edged up 0.1% in May, following a 0.8% increase in April when the real inventory-to-sales ratio was the highest since August 2009.
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