🇨🇦Canada GDP Growth Rate Contracted By 0.3%
- Rosbel Durán
- Jul 1, 2021
- 1 min read
StatCan:
Real gross domestic product (GDP) contracted 0.3% in April after 11 consecutive monthly increases. With the first decline in 12 months, total economic activity remained at about 1% below its level before the COVID-19 pandemic in February 2020
Overall, 12 of 20 industrial sectors were down, good producing industries growth were more than offset by the declines in services-producing industries
Retail trade retreated by 5.5% in April, 10 of 12 subsectors were down
Strength in the construction sector continues as it rose 2.4% in April, up for a fifth consecutive month, all components increased
Real estate down as home resale activity slows, it declined by 0.7% making April the first down month since October 2020
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