Canada GDP


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%.

According to its April Monetary Policy Report, the Central Bank projects that the economy will grow 1.9% in 2015 and 2.5% in 2016. FocusEconomics Consensus Forecast panelists expect the economy to grow 2.0% in 2015, which is down 0.1 percentage points from last month’s estimate. For 2016, the panel expects the economy to expand 2.2%.

Author:, Economist

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Canada GDP Chart

Canada Monthly GDP February 2015

Note: Month-on-month changes of seasonally-adjusted GDP and year-on-year variation in %.
Source: Statistics Canada (SC) and FocusEconomics calculations.

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