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Gross domestic product by industry, October 2015

Released: 2015-12-23

Real GDP by industry

October 2015

0.0%

(monthly change)

Real gross domestic product was unchanged in October, after falling 0.5% in September. Gains in mining, quarrying, and oil and gas extraction as well as the public sector were offset by declines in manufacturing, utilities and retail trade.

The output of goods-producing industries was unchanged in October. Mining, quarrying, and oil and gas extraction and, to a lesser extent, the agriculture and forestry sector rose. However, the gains were offset by declines in manufacturing, utilities and construction.

The output of service-producing industries was also unchanged in October. The public sector (education, health and public administration combined) increased, but this was offset by declines in retail and wholesale trade, transportation and warehousing services and, to a lesser extent, the finance and insurance sector.

Chart 1  Chart 1: Real gross domestic product is unchanged in October
Real gross domestic product is unchanged in October

Mining, quarrying, and oil and gas extraction rises

Mining, quarrying, and oil and gas extraction rose 0.7% in October, following a 4.7% decline in September.

Oil and gas extraction expanded 0.8% in October as a result of a 4.5% increase in non-conventional oil extraction, which partially rebounded from a 10.6% decrease in September caused by production difficulties and maintenance shutdowns. Conventional oil and gas production was down in October.

Mining and quarrying (excluding oil and gas extraction) increased 0.7% in October, mainly as a result of growth in metallic mineral and coal mining. Potash mining declined in October.

Support activities for mining and oil and gas extraction decreased 0.6% in October, as a result of declines in both rigging and drilling services.

Manufacturing output falls again

Manufacturing output fell 0.3% in October, after declining 1.0% in September. The declines in September and October followed three consecutive monthly gains.

Chart 2  Chart 2: Manufacturing falls in October
Manufacturing falls in October

Non-durable goods manufacturing contracted 1.0% in October. Declines were notable in food manufacturing, beverage and tobacco manufacturing, plastic and rubber products manufacturing and printing and related support activities. In contrast, the manufacturing of chemicals as well as textile, clothing and leather products increased.

Durable-goods manufacturing increased 0.2% in October. There were gains in the manufacturing of computer and electronic products, transportation equipment as well as machinery. Miscellaneous manufacturing and, to a lesser extent, furniture and related products manufacturing declined.

The public sector increases

The public sector (education, health and public administration combined) grew 0.2% in October as all major components were up. Educational services increased 0.3%, while public administration as well as health care and social assistance also rose.

Retail and wholesale trade contract

Retail trade contracted 0.4% in October. Notable declines were recorded at food and beverage stores and, to a lesser extent, at gasoline stations. In contrast, sporting goods, hobby, book and music stores as well as clothing and clothing accessories stores recorded gains.

Wholesale trade edged down 0.1% in October, a fourth consecutive monthly decline. Food, beverage and tobacco wholesaling, miscellaneous wholesaling (which includes agricultural supplies), and motor vehicle and parts wholesaling were down. Notable increases were posted in the wholesaling of machinery, equipment and supplies.

The finance and insurance sector contracts again

The finance and insurance sector decreased for a third consecutive month, edging down 0.1% in October as a result of declines in insurance and banking services. In contrast, financial investment services advanced.

Construction decreases

Construction edged down 0.1% in October as a result of a decline in residential building and, to a lesser extent, repair construction. Engineering construction increased while non-residential building construction was unchanged.

The output of real estate agents and brokers rose 2.4% in October, after falling 1.8% in September.

Other industries

Utilities fell 1.4% in October as a result of declines in natural gas distribution as well as electricity generation, transmission and distribution.

Transportation and warehousing services declined 0.4% in October, mainly because of decreases in pipeline and truck transportation services.

Chart 3  Chart 3: Main industrial sectors' contribution to the percent change in gross domestic product in October
Main industrial sectors' contribution to the percent change in gross domestic product in October


  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 supply and use tables up to the latest supply and use tables year (2012).

For the period starting with January 2013, the data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are 2012 industry prices.

This approach makes the monthly GDP by industry data more comparable with expenditure-based GDP data, chained quarterly.

All data in this release are seasonally adjusted. For information on seasonal adjustment, see Seasonally adjusted data – Frequently asked questions.

For more information on GDP, see the video "What is Gross Domestic Product (GDP)?"

Revisions

With this release of monthly GDP by industry, revisions have been made back to January 2015.

Each month, newly available administrative and survey data across various industries in the economy are integrated and result in statistical revisions. Updated and revised administrative data (including taxation statistics), new information provided by respondents to industry surveys, and standard changes to seasonal adjustment calculations are incorporated with each release.

For more information about monthly national GDP by industry, see the System of macroeconomic accounts module on our website.

Real-time CANSIM tables

Real-time CANSIM table 379-8031 will be updated on January 8, 2016. For more information, consult Real-time CANSIM tables.

Next release

Data on GDP by industry for November 2015 will be released on January 29, 2016.

Contact information

For more information, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca).

To enquire about the concepts, methods or data quality of this release, contact Allan Tomas (613-790-6570), Industry Accounts Division.

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