GDP down 0.1 per cent in November
Posted January 31, 2012 8:48 am.
This article is more than 5 years old.
OTTAWA – Real gross domestic product edged down 0.1 per cent in November after showing no growth in October, Statistics Canada said Tuesday.
The federal agency said lower output in the energy sector accounted for most of the November decline, as oil and gas extraction fell 2.5 per cent.
Reduced production of crude petroleum, in part due to maintenance shutdowns, led the sector’s decline.
Statistics Canada said there were also drops in wholesale trade, finance and insurance, and construction.
Meanwhile, manufacturing, retail trade, accommodation and food services, professional services and real estate agents and brokers services all posted gains.
Manufacturing increased 0.6 per cent, with growth based mainly in the production of durable goods.
