Machinery, equipment and supplies the main contributors to wholesale growth in April
Ottawa - Real gross domestic product grew 0.1% in April 2013, a fourth consecutive monthly increase, Statistics Canada has reported. Service industries led the gain in April.
Ottawa – Real gross domestic product grew 0.1% in April 2013, a fourth consecutive monthly increase, Statistics Canada has reported. Service industries led the gain in April.
The output of service industries expanded 0.3% in April, with almost all major industrial groups recording increases. There were gains in wholesale and retail trade, the finance and insurance sector, the arts and entertainment sector, as well as the transportation and warehousing sector, while public administration edged down.
In contrast, goods production decreased 0.3% as a result of a notable decline in mining, quarrying, and oil and gas extraction. Declines were also recorded in construction, while manufacturing, utilities and the agriculture and forestry sector rose.
Wholesale and retail trade increase
Wholesale trade was up 0.6% in April, after declining 0.5% in March. The wholesaling of machinery, equipment and supplies was the main contributor to wholesale growth in April. In contrast, food, beverage and tobacco wholesaling declined.
Retail trade increased 0.5% on the strength of motor vehicles and parts dealers and, to a lesser extent, health and personal care stores as well as miscellaneous store retailers. On the other hand, retailing activity at clothing and clothing accessories stores as well as building material and garden equipment and supplies dealers was down.
The finance and insurance sector grows
The finance and insurance sector grew 0.6% in April. Banking, financial investment services and, to a lesser extent, insurance services all increased.
Mining, quarrying and oil and gas extraction contracts
Mining, quarrying and oil and gas extraction contracted 1.5% in April, down for the first time in seven months.
Oil and gas extraction fell 2.7% in April, as a result of declines in both oil and gas production. This follows increases of 1.7% in March and 1.1% in February.
Mining and quarrying (excluding oil and gas extraction) decreased 0.6%, as a result of declines in output at potash and coal mines. In contrast, metallic mineral mining was up 1.0% in April.
Support activities for mining and oil and gas extraction rose 3.2% in April, on the strength of drilling services.
Manufacturing output increases
Manufacturing output grew 0.2% in April. Durable goods production increased 0.5%, led by gains in computer and electronic products and non-metallic mineral products. In contrast, primary metal and machinery manufacturing declined. Non-durable goods production fell 0.3% in April. Declines in petroleum and coal products, as well as chemical and food manufacturing more than offset gains in printing and related support activities, and textile, clothing and leather products manufacturing.
Construction decreased 0.4% in April. Residential and non-residential building construction declined, as did engineering and repair construction.
The output of real estate agents and brokers rose 1.0% in April, up for a second consecutive month, as activity in the home resale market increased.
The arts and entertainment sector increased 3.4% in April, mainly the result of an extended season following the end of a labour dispute in professional hockey.
The public sector (education, health and public administration combined) was unchanged in April, as gains in education and health care offset the decline in public administration.