Construction GDP down in May
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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