Canadian GDP up 0.1% in January, most likely up 0.2% in February
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FILE PHOTO: A man checks an apple while shopping at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo
OTTAWA, March 31 (Reuters) - The Canadian economy grew by 0.1% in January as gains in mining, quarrying, and oil and gas extraction more than offset a contraction in manufacturing, Statistics Canada said on Tuesday.
February GDP was most likely up 0.2%, the agency said in a flash estimate.
The goods-producing sector expanded by 0.2% in January, while the services-producing sector was flat.
(Changes in percent)
Jan Dec(rev) Dec(prev) Jan yr/yr
All industries +0.1 +0.2 +0.2 +0.6
Goods +0.2 +0.2 +0.2 -0.5
Services 0.0 +0.3 +0.2 +1.1
NOTE - All figures are seasonally adjusted. Analysts in a Reuters survey had forecast January GDP to be unchanged.
(Reporting by Dale Smith; Editing by Promit Mukherjee)
((Reuters Ottawa editorial; [email protected]))
Keywords: CANADA ECONOMY/GDP
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