July 02, 2025
Statistics Canada announced that Canada's real gross domestic product (GDP) edged down 0.1% in April, following a 0.2% increase in March.
The Federal Agency notes the goods-producing industries were down 0.6% in April, with the manufacturing sector accounting for nearly all the decline.
The services-producing industries edged up 0.1% in April. Public administration, finance and insurance, and the arts, entertainment and recreation sectors contributed the most to the increase, while the wholesale trade sector was the largest detractor to growth. Overall, 10 of 20 industrial sectors expanded in April.
The manufacturing sector was down 1.9% in April, the largest drop since April 2021, reflecting broad-based declines across both durable and non-durable goods manufacturing aggregates.
Advance information indicates that real GDP decreased 0.1% in May. Decreases in mining, quarrying, and oil and gas extraction, public administration and retail trade were partially offset by an increase in real estate and rental and leasing.