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“Real gross domestic product (GDP) grew 0.2% in July after essentially no change in June,” Statistics Canada announced on Friday.

Key takeaways from the press release

  • This increase was concentrated as 12 of 20 sectors were up, led by growth in manufacturing, wholesale trade, utilities and transportation and warehousing.
  • The output of goods-producing industries expanded 0.3% after edging down in June, while services-producing industries were up 0.2%.
  • The manufacturing sector was up 1.2% in July, its strongest growth since November 2017.
  • The 1.4% growth in wholesale trade in July more than compensated for the 1.2% decline in June.