Statistics Canada announced that Canada's real gross domestic product (GDP) grew 0.3% in May, rising for a second consecutive month, as both goods-producing and services-producing industries expanded in the month. Overall, 13 of 20 industrial sectors contributed to the growth.

Goods-producing industries expanded 0.6%, as most sectors comprising the aggregate rose in May. Services-producing industries rose 0.2%, driven in large part by increases in real estate and rental and leasing and public administration.

The mining, quarrying, and oil and gas extraction sector expanded 1.0% in May, with two of its three subsectors growing for the second consecutive month.

Construction increased 0.8% in May, as all subsectors expanded. Engineering and other construction activities (+1.1%) and residential building construction (+1.1%) contributed the most to the increase.

The manufacturing sector grew 0.3% in May, driven by increases in the majority of subsectors. Non-durable goods manufacturing industries expanded 1.0% in May, up for the fourth consecutive month. Durable goods manufacturing industries contracted 0.2% in May.

 

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