DAILY NEWS Jan 31, 2014 12:14 PM - 0 comments

Mining, quarrying, and oil and gas extraction increased 1.7% in November

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Ottawa − Real gross domestic product grew 0.2% in November 2013, up for a fifth consecutive month, Statistics Canada reports in its latest report on Gross Domestic Product by Industry, released today.

The output of goods-producing industries grew 0.4% in November, led by an increase in mining and oil and gas extraction and, to a lesser extent, in utilities. Manufacturing and the agriculture and forestry sector declined. Construction edged down.

The output of service industries rose 0.2% in November. Retail trade, the finance and insurance sector and the public sector increased. Arts and entertainment as well as transportation and warehousing services also advanced. Wholesale trade and professional services were down.

Mining, quarrying and oil and gas extraction increases

Mining, quarrying and oil and gas extraction increased 1.7% in November. Following a 0.7% decline in October, oil and gas extraction rose 2.6% in November as both oil and natural gas production grew.

Mining and quarrying (excluding oil and gas extraction) was up 1.3%. Potash and coal mining increased, while metal ore mining declined.

On the other hand, support activities for mining and oil and gas extraction fell 2.4% in November, as drilling services declined.

Utilities rise

Utilities rose 2.1% in November. The demand for both electricity and natural gas was up, in part because of colder than usual weather in some parts of the country.

Retail trade increases while wholesale trade declines

Retail trade rose 0.8% in November. Increases were recorded at motor vehicles and parts dealers, electronics and appliance stores as well as clothing and clothing accessories stores. In contrast, retailing activity was down at food and beverage stores and at building material and garden equipment stores.

After rising for four consecutive months, wholesale trade decreased 0.6% in November. Wholesaling of machinery, equipment and supplies, building material and supplies as well as farm products were the main sources of decline.

Manufacturing output down

Manufacturing output was down 0.5% in November, following two consecutive monthly increases. Manufacturing of non-durable goods fell 0.9%, mainly as a result of declines in chemical manufacturing, printing and related support activities as well as plastic and rubber products manufacturing.

Manufacturing of durable goods edged down 0.1% in November. Declines in the manufacturing of furniture and related products and fabricated metal products more than offset gains in primary metal and transportation equipment manufacturing.

Construction edges down

Construction edged down 0.1% in November. Declines in residential building construction and repair works outweighed increases in non-residential building and engineering construction.

The output of real estate agents and brokers decreased 0.4% in November, down for a second consecutive month, as activity in the home resale market decreased.

Other industries

Transportation and warehousing services grew 0.3%, mainly as a result of increases in rail transportation and support activities for transportation.

The public sector (education, health and public administration combined) increased 0.2%, with growth in all of its components.

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