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

  • Randy MacGregor Announced as Director of Sales with Munden Enterprises

    Randy MacGregor Announced as Director of Sales with Munden Enterprises

    Recently, Munden Enterprises’ president, Steve Wheeler, was pleased to announce the promotion of Randy MacGregor to the position of Director of Sales, effective January 1st, 2025. Randy joined Munden Enterprises 5 years prior and has reportedly been a cornerstone of the company’s success as it’s Industrial & Utility Sales Manager. With extensive experience as a… Read More…

  • Westburne Announces Todd Newell as New General Manager for Westburne West

    Westburne Announces Todd Newell as New General Manager for Westburne West

    In an announcement by Dave Syer, Vice President of Westburne Canada, Dave was pleased to announce the promotion of Todd Newell to the role of General Manager, Westburne West. Prior to joining Westburne, Todd’s career began with an economic degree, after which he held various progressive positions with a responsibility in both the US and… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound