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GDP down slightly in construction sector in April


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June 29, 2012 by Andrew Snook

The gross domestic product (GDP) by industry report from Statistics Canada for April shows the construction sector down 0.1 per cent for the month, following a gain of 0.8 per cent in March.

The decline was due to a drop in residential construction and repair works, which offset gains in non-residential building and engineering construction.

Overall real GDP in Canada was up 0.3 per cent in April, fuelled mainly by mining, oil and gas extraction and wholesale trade.
Other sectors that experienced gains included: transportation services, agriculture, forestry, fishing and hunting.

Retail trade, manufacturing, accommodation and food services and public sector (education, health and public administration) all experienced declines.

To view the full report, click here.

 Source: Statistics Canada.


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