Ottawa – Real gross domestic product grew 0.3% in October 2014, following a 0.4% increase in September, according to the latest survey of Gross Domestic Product by Industry from Statistics Canada.
Goods production rose 0.4% in October. Notable gains were recorded in mining and oil and gas extraction as well as manufacturing. Construction also increased in October. In contrast, utilities and the agriculture and forestry sector declined.
The output of service industries increased 0.3% in October, led mainly by growth in the public sector (education, health and public administration combined). The finance and insurance sector and professional services also advanced. Wholesale trade declined in October while retail trade was unchanged.
Educational services return to normal levels
The public sector rose 0.8% in October, mainly as a result of an increase in educational services. Educational services rose 2.6% in October, returning to normal levels of activity following a labour dispute in British Columbia in September.
Mining, quarrying, and oil and gas extraction rises again
Mining, quarrying, and oil and gas extraction rose 1.2% in October, a second consecutive monthly increase.
Following a 3.6% increase in September, oil and gas extraction expanded 1.5% in October. The increase was led by non-conventional oil production, while natural gas production was down.
Mining and quarrying (excluding oil and gas extraction) increased 1.5% in October. A notable gain in potash mining more than offset a decline in copper, nickel, lead and zinc mining.
However, support activities for mining and oil and gas extraction declined 1.6% as a result of a decline in drilling services.
Manufacturing output grows
Manufacturing output grew 0.7% in October, after rising 0.8% in September. Non-durable goods manufacturing rose 0.9% as most major industrial groupings posted gains. Growth was notable in petroleum and coal products, chemical as well as plastic and rubber products manufacturing. Conversely, food manufacturing declined.
Durable-goods manufacturing increased 0.4%, mainly as a result of the manufacturing of fabricated metal products as well as furniture and related products. On the other hand, the manufacturing of machinery and of primary metals declined.
Wholesale trade declines while retail trade is unchanged
Wholesale trade declined 0.2% in October, after increasing 1.6% in September and 0.4% in August. The wholesaling of food, beverage and tobacco as well as personal and household goods was down. However, wholesaling of building materials and supplies, petroleum products, motor vehicles and parts as well as miscellaneous wholesaling (which include agricultural supplies) was up in October.
Retail trade was unchanged in October. Declines in retailing activity at motor vehicle and parts dealers as well as furniture and home furnishings stores offset gains at building material and garden equipment and supplies dealers as well as electronics and appliance stores.
The finance and insurance sector is up
The finance and insurance sector was up 0.2% in October, a fifth consecutive monthly increase. Banking services and, to a lesser extent, financial investment services grew, while insurance services were down.
Construction rose 0.3% in October, led by increases in residential building as well as engineering and repair construction. Non-residential building also grew.
The output of real estate agents and brokers was down 0.2% in October, after declining 0.7% in September.
After increasing 1.5% in August and 1.4% in September, utilities declined 1.8% in October. The demand for both electricity and natural gas was down in October.
The agriculture and forestry sector decreased 1.4% in October, mainly the result of lower crop production.