Statistics Canada announced that Canada's real gross domestic product (GDP) rose 0.2% in September, more than offsetting August's decline (-0.1%), as goods-producing industries drove the increase for the second time in three months.

Goods-producing industries increased 0.6% in September, largely driven by higher activity in the manufacturing sector. Meanwhile, services-producing industries edged up 0.1%. Overall, 10 industrial sectors increased in September.

The manufacturing sector led the overall growth with a 1.6% expansion in September as durable-goods and non-durable-goods manufacturing industries grew.

The transportation and warehousing sector rose 1.2%, partially offsetting August's 1.3% decline, as most subsectors expanded in September.

The retail trade sector was the largest detractor to the growth in September with a 0.7% contraction in the month due to declines in most subsectors.

 

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