On-Site Magazine

Construction GDP down in May

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July 31, 2012 by Andrew Snook

Gross domestic product for the construction sector dropped 0.2 per cent in May, when compared to the previous month.

The decline was due to a decrease in residential building and non-residential building construction (to a lesser degree), which more than offset gains in engineering and construction work.

Year-over-year construction GDP was up 3.5 per cent from May 2011 to May 2012.

Canada’s overall GDP for May 2012 was up 0.1 per cent, following a 0.3-per cent increase in April.

To read the full GDP report by industry for May 2012, click here.

Source: Statistics Canada.

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