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Money Statistics Canada reports economy grew 0.1 per cent in August

22:30  31 october  2019
22:30  31 october  2019 Source:   msn.com

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OTTAWA — Statistics Canada says real gross domestic product grew 0 . 1 per cent in August , following no change in July. Economists on average had expected growth of 0.2 per cent for the month, according to financial markets data firm Refinitiv. Statistics Canada says 14 out of 20

OTTAWA -- Statistics Canada says real gross domestic product grew 0 . 1 per cent in August , following no change in July. Economists on average had expected growth of 0.2 per cent for the month, according to financial markets data firm Refinitiv. Statistics Canada says 14 out of 20

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OTTAWA — Statistics Canada says real gross domestic product grew 0.1 per cent in August, following no change in July.

Economists on average had expected growth of 0.2 per cent for the month, according to financial markets data firm Refinitiv.

Statistics Canada says 14 out of 20 industrial sectors posted gains.

A rebound in manufacturing helped goods-producing industries rise 0.2 per cent after two months of declines.

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The manufacturing sector grew 0.5 per cent as durable manufacturing rose 1.0 per cent, while non-durable manufacturing fell 0.2 per cent.

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OTTAWA -- Statistics Canada says real gross domestic product grew 0 . 1 per cent in August , following no change in July. Economists on average had expected growth of 0.2 per cent for the month, according to financial markets data firm Refinitiv. Statistics Canada says 14 out of 20

Canada 's economy gained 0 . 1 % in August , a touch less than analysts expected, amid a rebound in manufacturing and an uptick in services-producing Wholesale trade slumped 1.3% in August , more than offsetting July’s growth, the national statistics agency said, with broad-based declines reported .

Services-producing industries edged up 0.1 per cent.

This report by The Canadian Press was first published Oct. 31, 2019.

The Canadian Press

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