- Prior month -0.1%
- Canada GDP MoM data for July 0.2% versus 0.1% expected. The gain was the 1st gain in 4 months
- Goods producing industries grew by 0.6% in July following 3 consecutive months of declines.
- Services industry growth increase by 0.1% with increases in wholesale trade and real estate and rental and leasing tempered by declines in retail trade
Other details:
- The mining, quarrying, and oil and gas extraction sector expanded 1.4% in July, driven by broad-based expansions across all subsectors
- The manufacturing sector rose 0.7% in July, partially offsetting a 1.5% contraction in June, driven by increases in both durable and non-durable manufacturing industries.
- Transportation and warehousing rose 0.6% in July, following a 0.7% drop in June.
- The wholesale trade sector increased by 0.6% in July, up for the third consecutive month.
- Real estate and rental and leasing (+0.3% in July) grew for the fourth consecutive month.
- 11 of 20 industrial sectors expended in July
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The advanced GDP for August :
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Advance data show real GDP was essentially unchanged in August.
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Gains: wholesale trade and retail trade.
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Declines: mining, quarrying, and oil & gas extraction, manufacturing, transportation, and warehousing.
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The estimate is preliminary and will be updated on October 31, 2025 with the official GDP by industry release.
Looking at the chart below, the GDP trajectory has slowed. The gain is a relief but the August read is back to sideways.
This article was written by Greg Michalowski at investinglive.com.
