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

  • Electromate Certified as a Great Place to Work Once Again

    Electromate Certified as a Great Place to Work Once Again

    Electromate is proud to announce that it has again been certified as a Great Place to Work after a thorough, independent analysis conducted by the Great Place to Work Institute Canada. This certification is based on direct feedback from employees, as part of an extensive and anonymous survey about their workplace experience. The recognition highlights… Read More…

  • Gescan Announces Exciting ABB Motion Distribution Partnership

    Gescan Announces Exciting ABB Motion Distribution Partnership

    Recently, Gescan was excited and proud to announce its new strategic distribution partnership with ABB Motion in Manitoba and Saskatchewan. This collaboration brings together ABB’s drive technology and Gescan’s trusted distribution network, delivering more energy-efficient, high-performance motor control solutions to the Prairies. Read More…

Peers & Profiles

Copper US Dollar Price Per Pound