Canada: GDP growth remains unchanged in April
June 30, 2014
GDP increased a seasonally-adjusted 0.1% over the previous month in April, matching March’s result. The reading came in slightly below market expectations of a 0.2% expansion. According to Statistics Canada, wholesale and retail sales drove the monthly increase and more than offset the contractions in construction and in mining, oil and gas extraction.
On an annual basis, GDP rose 2.1% in April, which was the same pace of expansion that was recorded in the previous month. The overall trend was also unchanged in April with annual average variation in GDP remaining stable at March’s 2.2%.