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Gross domestic product by industry

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August 2010 (Previous release)

Real gross domestic product increased by 0.3% in August following a 0.1% decline in July. Oil and gas extraction, wholesale trade and manufacturing were the main sources of growth in August. Increases were also recorded in the finance and insurance sector, by real estate agents and brokers, in construction and retail trade. Utilities and forestry decreased while public sector output was unchanged.

Real gross domestic product increases

Mining and oil and gas extraction increases

Mining and oil and gas extraction rose 0.5%. Oil and gas extraction rebounded (+1.5%), with both natural gas and oil production advancing. These increases were partially offset by decreases in metal ore mining and in support activities for mining, oil and gas extraction.

Note to readers

The monthly gross domestic product (GDP) by industry data at basic prices are chained volume estimates with 2002 as their reference year. This means that the data for each industry and aggregate are obtained from a chained volume index multiplied by the industry's value added in 2002. For the 1997 to 2007 period, the monthly data are benchmarked to annually chained Fisher volume indexes of GDP obtained from the constant-price input-output tables.

For the period starting with January 2008, the data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are the industry output and input prices of 2007. This makes the monthly GDP by industry data more comparable with the expenditure-based GDP data, chained quarterly.

Revisions

With this release of monthly GDP by industry, revisions have been made back to January 2010. For more information about monthly GDP by industry, see the National economic accounts module on our website (www.statcan.gc.ca/nea-cen/index-eng.htm).

Oil and gas extraction rebounds

Wholesale trade advances

After three consecutive monthly declines, wholesale trade rose 1.1% in August. All major sectors posted gains, with the exception of food, beverage and tobacco as well as personal and household goods. The largest increases were recorded in the wholesaling of machinery and equipment and of petroleum products.

Manufacturing rises

Manufacturing grew 0.5%, with 13 of the 21 major groups advancing. Manufacturers of non-durable goods increased their production by 0.8%, notably of chemical products. Durable goods manufacturing advanced 0.2%, led by fabricated metal products, furniture, machinery and non-metallic mineral products. Conversely, the manufacturing of primary metal products decreased in August after a gain in July.

Increase in the finance and insurance sector

The finance and insurance sector advanced 0.6% in August. This rise was mainly attributable to increases in financial intermediation (personal and business loans, residential mortgages, mutual funds sales) and higher volume of trading on the stock exchanges.

Construction and real estate transactions increase

Construction rose 0.4%, with all major components (residential and non-residential buildings as well as engineering and repair works) increasing. The home resale market picked up in August after three consecutive monthly declines. This translated into a 5.8% increase in the output of real estate agents and brokers.

Retail trade edges up

Retail trade edged up 0.1% in August. Increases were recorded at new car dealers, home furnishings stores, supermarkets and gasoline stations. Conversely, decreases were recorded at beer, wine and liquor stores as well as clothing and general merchandise stores.

Other sectors

Accommodation and food services were up 0.7%. Utilities declined 0.8% as the demand for electricity decreased, and forestry and logging (-4.0%) contracted for a second consecutive month. The public sector (education, health and public administration combined) was unchanged.

Main industrial sectors' contribution to the percent change in gross domestic product, August 2010

Available on CANSIM: table 379-0027.

Definitions, data sources and methods: survey number 1301.

The August 2010 issue of Gross Domestic Product by Industry, Vol. 24, no. 8 (15-001-X, free), is now available from the Key resource module of our website under Publications.

Data on gross domestic product by industry for September will be released on November 30.

For more information, or to order data, contact the dissemination agent (toll-free 1-800-887-4623; 613-951-4623; iad-info-dci@statcan.gc.ca). To enquire about the concepts, methods or data quality of this release, contact Bernard Lefrançois (613-951-3622), Industry Accounts Division.

Table 1

Monthly gross domestic product by industry at basic prices in chained (2002) dollars
  March 2010r April 2010r May 2010r June 2010r July 2010r August 2010p August 2010 August 2009 to August 2010
  Seasonally adjusted
  month-to-month % change $ millions¹ % change
All Industries 0.5  0.0  0.1  0.2  -0.1  0.3  1,236,260 4.1 
Goods-producing industries 0.8  0.4  0.8  0.4  0.0  0.3  350,107 8.5 
Agriculture, forestry, fishing and hunting -0.4 0.3 0.3 1.2 0.2 -0.6 26,326 3.5
Mining and oil and gas extraction 0.6 1.5 2.5 -0.5 1.1 0.5 55,356 14.7
Utilities -1.5 -1.1 -0.4 1.5 -0.5 -0.8 29,466 -0.4
Construction 0.9 0.7 -0.5 0.2 -0.1 0.4 72,697 6.2
Manufacturing 1.6 -0.3 0.8 0.9 -0.5 0.5 161,718 8.6
Services-producing industries 0.4  -0.1  -0.2  0.1  -0.1  0.3  890,321 2.3 
Wholesale trade 1.1 0.3 -0.8 -1.1 -0.5 1.1 70,591 5.5
Retail trade 2.1 -2.4 -0.2 0.7 -0.4 0.1 76,197 3.2
Transportation and warehousing 0.5 -0.2 0.4 0.6 0.2 -0.0 59,021 5.4
Information and cultural industries -0.2 -0.2 -0.2 0.6 0.3 -0.0 45,670 1.3
Finance, insurance and real estate 0.5 0.2 -0.1 -0.2 -0.1 0.6 257,858 2.3
Professional, scientific and technical services 0.2 0.1 -0.4 0.3 0.1 0.0 60,633 0.5
Administrative and waste management services 0.1 0.2 -0.1 1.0 0.2 -0.2 30,532 2.4
Education services 0.0 0.2 0.3 0.1 0.1 -0.1 62,428 1.8
Health care and social assistance 0.2 0.0 -0.1 0.2 0.0 -0.0 82,407 1.3
Arts, entertainment and recreation -5.1 -1.1 -0.9 2.0 0.3 -0.4 11,217 1.1
Accommodation and food services -0.3 -0.3 -0.5 -0.1 -0.7 0.7 27,354 1.8
Other services (except public administration) 0.6 0.0 -0.2 0.6 -0.7 -0.0 32,171 0.8
Public administration -0.0 -0.0 -0.1 0.0 0.1 0.0 74,480 1.4
Other aggregations                
Industrial production 0.9 0.3 1.3 0.5 0.1 0.4 250,813 9.7
Non-durable manufacturing industries 0.7 -0.7 0.8 0.3 -1.1 0.8 66,373 5.2
Durable manufacturing industries 2.3 0.1 0.8 1.4 -0.1 0.2 95,259 11.4
Business sector industries 0.6 0.0 0.1 0.2 -0.1 0.3 1,027,086 4.7
Non-business sector industries -0.0 0.1 0.1 0.1 0.0 -0.0 209,293 1.4
Information and communication technologies industries 0.6 0.2 -0.2 0.5 0.7 0.3 60,316 3.0
Energy sector -0.5 0.8 1.5 0.6 -0.6 0.3 83,153 7.6
revised
preliminary
Millions of chained (2002) dollars, seasonally adjusted at annual rates.