____________________
GDP
Real gross domestic product grew 0.2% in October, a second consecutive monthly advance.
Statscan - Production increased in most major sectors, as was the case in September. A significantly higher level of activity for real estate agents and brokers provided the largest contribution to the 0.2% gain in service industries. There were also increases in retail and wholesale trade as well as in some tourism-related industries. Conversely, the finance and insurance sector retreated. Goods-producing industries advanced 0.1% on the strength of utilities. Construction advanced while mining retreated and manufacturing stood still.
Activity of real estate agents and brokers increases significantly
The buoyant market for existing homes led to a 7.2% increase in the activity of real estate agents and brokers in October. Sales of existing homes grew significantly in several parts of the country.
Construction activity was up 0.1%. Engineering and repair work as well as residential building construction increased, while non-residential building construction retreated.
Real estate agents and brokers output gains on the strength of the home resale market
Retail trade increases on the strength of auto sales
Value added in retail trade advanced 0.3%, a continuation of the upward trend that started in May. The volume of activity of new car dealers increased significantly in October. Excluding new car dealers, retail trade was down 0.1%.
Wholesale trade edges up
The volume of wholesaling activity advanced 0.2% in October. All major trade groups recorded increases, with the exception of food, beverage and tobacco products and the wholesaling of other products (such as fertilizers, chemicals and recycled materials), which declined.
Output of utilities rises
Higher demand for electricity and natural gas led to a 2.4% increase in utilities. This increase was partially attributable to colder than usual temperatures in some parts of the country.
Mining and oil and gas extraction decreases
Mining and oil and gas extraction decreased 0.4% in October, as both petroleum and natural gas extraction declined. Conversely, support activities for oil and gas extraction grew for a third month in a row but its level stood well below that of a year ago. Mining excluding oil and gas extraction edged up 0.1%, as metal ore mines decreased their production while coal and non-metallic mineral mines, especially potash, increased their output.
Manufacturing unchanged
After a 1.0% advance in September, manufacturing output remained unchanged in October, with 10 of the 21 major groups increasing. The main industries experiencing growth were fabricated metal products, paper products and primary metals. A number of export-oriented sectors benefitted from an increase in international demand. Manufacturers of transportation equipment (excluding motor vehicles), chemicals and wood products reduced their production.
The finance and insurance sector declines
The finance and insurance sector decreased 0.7% in October. Lower volume of trading on the stock markets led to a decline in activity by securities traders. To a lesser extent, banking and insurance services also declined. However, an increase in residential mortgage loan activity was recorded, on the strength of the home resale market.
Tourism-related industries up
Several tourism-related industries advanced in October, notably air transportation, accommodation and food services, and arts and entertainment.
Monthly gross domestic product by industry at basic prices in chained (2002) dollars
| |
May 2009r |
June 2009r |
July 2009r |
August 2009r |
September 2009r |
October 2009p |
October 2009 |
October 2008 to October 2009 |
| |
Seasonally adjusted |
| |
month-to-month % change |
$ millions¹ |
% change |
| All industries |
-0.4 |
0.1 |
0.0 |
-0.1 |
0.4 |
0.2 |
1,190,689 |
-3.2 |
| Goods-producing industries |
-1.4 |
-0.5 |
-0.3 |
-0.6 |
0.8 |
0.1 |
322,984 |
-10.8 |
| Agriculture, forestry, fishing and hunting |
-1.1 |
-0.8 |
-1.1 |
-1.8 |
-0.0 |
0.4 |
24,178 |
-10.6 |
| Mining and oil and gas extraction |
-2.0 |
-1.0 |
-1.0 |
-1.7 |
1.6 |
-0.4 |
48,858 |
-13.2 |
| Utilities |
-0.7 |
-0.7 |
-1.9 |
1.9 |
-0.2 |
2.4 |
29,816 |
-3.4 |
| Construction |
-0.5 |
-0.6 |
-0.1 |
0.3 |
0.3 |
0.1 |
69,896 |
-7.0 |
| Manufacturing |
-1.7 |
-0.2 |
0.5 |
-0.7 |
1.0 |
0.0 |
147,798 |
-12.9 |
| Services-producing industries |
0.0 |
0.4 |
0.2 |
0.2 |
0.3 |
0.2 |
872,318 |
0.2 |
| Wholesale trade |
0.4 |
0.9 |
1.1 |
-0.3 |
0.2 |
0.2 |
66,025 |
-3.7 |
| Retail trade |
0.5 |
0.6 |
0.1 |
0.6 |
1.2 |
0.3 |
75,594 |
0.2 |
| Transportation and warehousing |
-0.7 |
1.1 |
0.2 |
0.3 |
0.6 |
0.3 |
56,392 |
-2.8 |
| Information and cultural industries |
-0.3 |
-0.3 |
-0.1 |
-0.1 |
-0.2 |
0.0 |
45,729 |
-1.3 |
| Finance, insurance and real estate |
0.4 |
0.7 |
0.2 |
0.1 |
0.4 |
0.2 |
254,469 |
2.7 |
| Professional, scientific and technical services |
-0.3 |
-0.2 |
-0.0 |
-0.0 |
-0.1 |
0.1 |
60,217 |
-1.5 |
| Administrative and waste management services |
-0.8 |
-0.6 |
-0.4 |
-0.1 |
-0.2 |
0.0 |
29,622 |
-5.0 |
| Education services |
-0.1 |
0.1 |
0.0 |
0.1 |
-0.0 |
-0.1 |
60,819 |
0.3 |
| Health care and social assistance |
0.2 |
0.2 |
0.2 |
0.3 |
0.2 |
0.0 |
81,381 |
2.1 |
| Arts, entertainment and recreation |
-2.3 |
0.5 |
0.1 |
0.3 |
0.1 |
0.8 |
11,171 |
-0.2 |
| Accommodation and food services |
-0.9 |
-0.3 |
0.6 |
0.7 |
-0.4 |
0.5 |
26,797 |
-1.3 |
| Other services (except public administration) |
-0.1 |
-0.1 |
-0.1 |
-0.0 |
-0.0 |
-0.1 |
32,120 |
-0.7 |
| Public administration |
0.2 |
0.1 |
-0.2 |
0.7 |
0.3 |
0.2 |
72,410 |
1.3 |
| Other aggregations |
|
|
|
|
|
|
|
|
| Industrial production |
-1.7 |
-0.5 |
-0.3 |
-0.8 |
1.1 |
0.1 |
228,911 |
-12.0 |
| Non-durable manufacturing industries |
0.6 |
0.7 |
-0.6 |
-0.5 |
1.1 |
0.5 |
63,111 |
-5.7 |
| Durable manufacturing industries |
-3.5 |
-0.9 |
1.5 |
-1.0 |
1.0 |
-0.4 |
84,330 |
-18.2 |
| Business sector industries |
-0.5 |
0.1 |
0.0 |
-0.1 |
0.5 |
0.2 |
986,745 |
-4.0 |
| Non-business sector industries |
0.1 |
0.1 |
0.0 |
0.3 |
0.2 |
0.0 |
204,018 |
1.0 |
| Information and communication technologies industries |
-0.5 |
0.0 |
0.0 |
0.4 |
-0.5 |
0.3 |
58,649 |
-1.8 |
| Energy sector |
-1.5 |
1.2 |
-0.8 |
-0.8 |
0.6 |
0.4 |
77,279 |
-8.2 |
rrevised ppreliminary 1.Millions of chained (2002) dollars, seasonally adjusted at annual rates.
Note to readers
The monthly gross domestic product (GDP) by industry data at basic prices are chained volume estimates with 2002 as their reference year. This means that the data for each industry and aggregate are obtained from a chained volume index multiplied by the industry's value added in 2002. For the 1997 to 2006 period, the monthly data are benchmarked to annually chained Fisher volume indexes of GDP obtained from the constant-price input-output tables.
For the period starting with January 2007, the data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are the industry output and input prices of 2006. This makes the monthly GDP by industry data more comparable with the expenditure-based GDP data, chained quarterly.
Revisions
With this release of monthly GDP by industry, revisions have been made back to January 2009. For more information about monthly GDP by industry, see the National Economic Accounts module on our website (www.statcan.gc.ca/nea-cen/index-eng.htm).
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