Canada's GDP rose in May

July 31, 2013 at 11:33 AM
share with facebook
share with twitter

OTTAWA, July 31 (UPI) -- Canada's gross domestic product expanded by 0.2 percent in May, notching a fifth consecutive month of increases, Statistics Canada said Wednesday.

Growth was led by service industries, particularly retail and wholesale trades, the data agency said.

Government spending in education, health and public administration contributed to the gain. Real estate services and the hospitality industry, including food services, made gains, while transportation and warehousing declined in May.

Goods production fell 0.3 percent in the month, most of that attributed to declines in mining, quarrying and gas and oil extraction.

Production in manufacturing and agriculture expanded, while utilities posted declines, StatsCan said.

Related UPI Stories
Trending Stories