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

  • ECS Announces the Promotion of Jeff Bartlette to Branch Manager, Winnipeg

    ECS Announces the Promotion of Jeff Bartlette to Branch Manager, Winnipeg

    In a recent announcement, ECS was pleased to announce the promotion of Jeff Bartlette to Branch Manager, Winnipeg. Jeff joined ECS with a mandate to establish the company’s presence in Manitoba. Having successfully balanced both sales and leadership responsibilities, he will now focus fully on developing his team, strengthening branch capabilities, and positioning Winnipeg for… Read More…

  • Siemens Canada Unveils New Expansion and Modernization of Drummondville Manufacturing Facility

    Siemens Canada Unveils New Expansion and Modernization of Drummondville Manufacturing Facility

    Siemens Canada recently welcomed customers, partners and government officials to celebrate the completion of a year-long expansion project at its Drummondville manufacturing facility. The project is a major milestone in the company’s ongoing investment in advanced, sustainable, and digitally enabled manufacturing in Québec and across Canada. The expansion includes the opening of a second Drummondville… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound