Canada: GDP rebounds in September
November 28, 2014
In September, GDP expanded 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% contraction recorded in August. According to Statistics Canada, the result was driven by an increase in mining and oil and gas extraction, as well as in manufacturing.
On an annual basis, GDP rose 2.3% in September, which was above August’s 2.2% increase. The overall trend fell slightly with the annual average variation in GDP increasing 2.3%, which was below the previous month’s 2.4% rise.