Economy grew by better than expected 0.3 per cent in November: StatsCan
January 31, 2013 by The Canadian Press
Statistics Canada says the economy grew by 0.3 per cent in November, following a 0.1 per cent rise in October, partly thanks to a boost in manufacturing activity.
The November number for real gross domestic product is better than the 0.2 per cent analysts were predicting.
Most major industrial sectors increased production in November, with goods production up 0.6 per cent. Service industries were up just 0.1 per cent.
The statistics agency says manufacturing and mining, quarrying and oil and gas extraction were the main contributors to the November increase.
Wholesale and retail trade, utilities as well as transportation and warehousing services also rose, while construction and the public sector were unchanged.
Accommodation and food services and the finance and insurance sector shrank.