Canada August GDP +0.1% vs 0.0% expected

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Canada August GDP +0.1% vs 0.0% expected

<ul><li>Prior was +0.1% m/m</li><li>Services-producing industries +0.3%</li><li>Goods-producing industries -0.3%</li><li>Increases in the oil and gas extraction subsector, the manufacturing
sector and the public sector were partially offset by declines in
construction</li><li>Advance Sept GDP +0.1%</li><li>Advance Q3 GDP +0.4% y/y</li><li>Construction sector -0.9% in fifth consecutive decline</li><li><a href="https://www150.statcan.gc.ca/n1/daily-quotidien/221028/dq221028a-eng.htm" target="_blank" rel="nofollow">Full report</a></li></ul><p>Services-producing industries regained momentum in August following the
first contraction in six months in July. Meanwhile, goods-producing
industries were down, led by declines in manufacturing, oil and gas
extraction, and construction activity.</p>

                This article was written by Adam Button at forexlive.com.

Source: Canada August GDP +0.1% vs 0.0% expected

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