Canada’s economy expanded in April for the first time in three months, led by a rebound in the manufacturing sector, easing concerns that Canada was heading into a recession. According to Stats Canada, GDP rose 0.4% during the month, beating out economists’ expectations of 0.3%.

 

GDP growth in April by sector:

• All industries: +0.4%
• Goods-producing industries: +0.4%
• Agriculture, forestry, fishing and hunting: +0.2%
• Mining and oil and gas extraction: -1.5%
• Utilities: -0.3%
• Construction: -0.7%
• Manufacturing: +1.9%
• Services-producing industries: +0.4%
• Wholesale trade: +2.1%
• Retail trade: +0.6%
• Transportation and warehousing: +1%
• Information and cultural industries: +0.2%
• Financial, insurance and real estate: +0.2%
• Professional, scientific and technical services: +0.2%
• Administrative and waste management services: -0.2%
• Education services: +0.1%
• Healthcare and social assistance: 0%
• Arts, entertainment and recreation: +0.1%
• Accommodation and food services: +1.2%
• Public administration: +0.2%
• Industrial production: +0.7%
• Non-durable manufacturing industries: +1.4%
• Durable manufacturing industries: +2.3%
• Business sector industries: +0.5%
• Non-business sector industries: +0.1%
• Information and communication technologies industries: +0.9%
• Energy sector: -1.1%

 

Reference Source: Stats Canada