Gross domestic product by industry, October 2013
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Released: 2013-12-23
Real gross domestic product rose 0.3% in October, up for a fourth consecutive month.
The output of goods-producing industries grew 0.4% in October, mainly as a result of an increase in manufacturing. Construction as well as mining and oil and gas extraction were unchanged in October. The agriculture and forestry sector and utilities edged down.
The output of service industries increased 0.3% in October, as almost all major industrial sectors registered growth. A notable gain was recorded in wholesale trade. Increases were also recorded in retail trade, transportation and warehousing services, the public sector, accommodation and food services, and the finance and insurance sector. The arts and entertainment sector edged down.
Chart 1
Real gross domestic product rises in October
Manufacturing output increases
Manufacturing output increased 1.3% in October, after rising 1.2% in September. Manufacturing of non-durable goods grew 2.3%, mainly because of increases in the manufacturing of chemical, food and beverage and tobacco products.
Manufacturing of durable goods was up 0.5% in October, on the strength of the manufacturing of transportation equipment and primary metal. These gains were partly offset by declines in machinery and computer and electronic products manufacturing.
Chart 2
Manufacturing output increases in October
Wholesale and retail trade grow
Wholesale trade grew 1.4% in October, up for a fourth consecutive month. Wholesaling of machinery, equipment and supplies was the main source of growth.
Retail trade increased 0.3% in October, after rising 1.0% in September. There were notable gains at food and beverage stores, electronics and appliance stores and health and personal care stores. In contrast, retailing activity was down at motor vehicles and parts dealers and, to a lesser extent, at furniture and home furnishings stores.
Mining, quarrying and oil and gas extraction is unchanged
Overall, mining, quarrying and oil and gas extraction was unchanged in October.
Support activities for mining and oil and gas extraction grew 3.0% in October, as both drilling and rigging services increased.
Mining and quarrying (excluding oil and gas extraction) rose 1.0%, as increases in metallic and potash mining more than offset a decrease in coal mining.
In contrast, oil and gas extraction was down 0.8% in October, as a result of declines in both oil and gas extraction.
Construction is unchanged
Overall, construction was essentially unchanged in October. Engineering and repair construction increased while residential building construction decreased. Non-residential building construction was unchanged.
The output of real estate agents and brokers declined 3.3% in October, the first decline in eight months, as activity in the home resale market decreased.
Other industries
Transportation and warehousing services grew 0.8%, as a result of gains in truck transportation, support activities for transportation and pipeline transportation.
The public sector (education, health and public administration combined) edged up 0.1%, with growth in all of its components.
Accommodation and food services grew 0.6% in October, in parallel with an increase in the number of overnight travellers to Canada.
The finance and insurance sector edged up 0.1% in October.
Chart 3
Main industrial sectors' contribution to the percent change in gross domestic product, October 2013
Note to readers
The monthly gross domestic product (GDP) by industry data at basic prices are chained volume estimates with 2007 as the reference year. This means that the data for each industry and each aggregate are obtained from a chained volume index multiplied by the industry's value added in 2007. The monthly data are benchmarked to annually chained Fisher volume indexes of GDP obtained from the constant-price input-output tables up to the latest input-output tables year (2010).
For the period starting with January 2011, the data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are 2010 industry prices.
This approach makes the monthly GDP by industry data more comparable with the expenditure-based GDP data, chained quarterly.
All data in this release are seasonally adjusted. For more information on seasonal adjustment, see Seasonal adjustment and identifying economic trends.
Revisions
With this release of monthly GDP by industry, revisions have been made back to January 2013.
For more information about monthly national GDP by industry, see the System of macroeconomic accounts module on our website.
Data on gross domestic product by industry for November will be released on January 31, 2014.
Contact information
For more information, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca).
To enquire about the concepts, methods or data quality of this release, contact Allan Tomas (613-951-9277), Industry Accounts Division.
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