Canada: GDP stable in February
April 30, 2015
In February, GDP recorded flat growth over the previous month. This was up from the 0.2% contraction that was registered in January and surprised the market, as analysts had expected a decrease of 0.1%. According to Statistics Canada, the figure was the result of an increase in the output of the service industry being offset by an overall decline in the goods-producing sector.
On an annual basis, GDP rose 2.1% in February, which was below January’s 2.4% increase. The overall trend was stable as the annual average variation in GDP remained unchanged at January’s 2.4%.
Author: Robert Hill, Economist