Construction sector loses ground in June after strong showing in May
OTTAWA—Canada’s construction industry endured a small decline in June after posting a strong 1.0 per cent gain the month before.
Statistics Canada said the sector edged down 0.2 per cent during the final month of the second quarter, led by a 0.5 per cent decline in residential building construction. Work in the repair construction and the engineering and other construction categories were also down 0.3 per cent and 0.1 per cent respectively. The non-residential segment, however, eked out a small gain in June. It posted a 0.2 per cent bounce, helped along by increases in both industrial and commercial construction.
Compared to 2017, the construction industry remains up considerably, clinging to a 4.2 per cent increase in business despite the June decline.
The Canadian economy as a whole spent June treading water after posting a 0.5 per cent gain the month before.