CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Stats Can: Manufacturing leads growth

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Despite the global economic upheaval, manufacturing was one of the main leaders of GDP growth in Canada in July.

Real GDP climbed 0.3 per cent in July following a 0.2 increate in June. Manufacturing was the main driver, with wholesale trade and transportation services following closely behind.

Manufacturing posts big gains

Manufacturing increased 1.4 per cent in July, following three consecutive monthly declines. Growth was broadly based, with manufacturing of both durable (+2.1 per cent) and non-durable goods (+0.5 per cent) advancing. Manufacturers of motor vehicles and parts, fabricated metals, machinery and chemical products posted significant gains. Manufacturing of food as well as furniture and related products was down.

Source: Statistics Canada

Photo: GM

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