Dec 21, 2018
Canada: Real GDP expanded 0.3% in October vs 0.2% estimated
"Real gross domestic product (GDP) expanded 0.3% in October, following a 0.1% decrease in September," Statistics Canada reported on Friday.
Key takeaways from the press release
- There was growth in 15 of 20 industrial sectors, led by increases in manufacturing, finance and insurance and wholesale trade.
- The rise in manufacturing was the main reason for the 0.3% increase in goods-producing industries after two monthly declines.
- The wholesale trade sector rose 1.0% in October.