GDP Slips 0.1% in August 2017

GDP

November 9, 2017

Real gross domestic product (GDP) edged down 0.1% in August, after being essentially unchanged in July. Declines in manufacturing and mining, quarrying and oil and gas extraction more than offset increases in most sectors (12 out of 20). Goods-producing industries contracted for the second consecutive month, declining 0.7% in August in part due to temporary reduced capacity in the manufacturing and the mining, quarrying and oil and gas extraction sectors. Services-producing industries edged up 0.1%. Building materials and supplies (-2.8%) and machinery, equipment and supplies wholesaling (-0.7%) gave back some of the gains registered in July.

Related Articles


Changing Scene

  • Noramco Announces Jonathan Shortland as New Account Manager

    Noramco Announces Jonathan Shortland as New Account Manager

    Noramco invites you to join them in welcoming Jonathan Shortland as its new Account Manager, OEM Ontario. Jonathan brings over 11 years of global sales and business development experience across SaaS, consumer packaged goods, hospitality, design, technology, and electrical trades. He began his career in New Zealand with Coca-Cola Europacific Partners, managing national key accounts… Read More…

  • Noramco Announces Chad Goulet as New Account Manager

    Noramco Announces Chad Goulet as New Account Manager

    Noramco invites you to join them in welcoming Chad Goulet as its new Account Manager for Northern Ontario. Chad brings several years of experience in mining and industrial sales with a proven track record in sales growth, account management, and customer service. Known for his strong relationships, and customer-first approach, Chad is driven to achieve… Read More…


Peers & Profiles