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Real gross domestic product increased by 0.1% in May after being unchanged in April. Goods-producing industries rose 0.6%, led by oil and gas extraction. Construction and utilities fell back while manufacturing activity edged up.
The services-producing industries were down 0.1%, largely due to lower activity in wholesale trade and by real estate agents and brokers. This marked the second consecutive month of weakness in the service sector since the beginning of 2009. Conversely, the finance and insurance sector as well as retail trade advanced in May.
Note to readers
The monthly gross domestic product (GDP) by industry data at basic prices are chained volume estimates with 2002 as their reference year. This means that the data for each industry and aggregate are obtained from a chained volume index multiplied by the industry's value added in 2002. For the 1997 to 2006 period, the monthly data are benchmarked to annually chained Fisher volume indexes of GDP obtained from the constant-price input-output tables.
For the period starting with January 2007, the data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are the industry output and input prices of 2006. This makes the monthly GDP by industry data more comparable with the expenditure-based GDP data, chained quarterly.
Revisions
With this release of monthly GDP by industry, revisions have been made back to January 2009. For more information about monthly GDP by industry, see the National economic accounts module on our website (www.statcan.gc.ca/nea-cen/index-eng.htm).
Mining strengthens further
Mining and oil and gas extraction (+3.4%) increased significantly for a third consecutive month. Both oil and natural gas production rose. Support activities for mining, oil and gas extraction (+4.8%) continued their upward trend. The output of copper, nickel, lead and zinc mines also grew significantly in May.
Construction activity down for a second month
Construction declined 1.6% in May, led by a 3.8% drop in residential building construction. Construction of single dwellings fell as did alterations and improvements work. Conversely, non-residential building construction rose 0.8%.
Real estate transactions fall sharply
Sales of existing homes fell significantly in several parts of the country in May, resulting in an 11.3% decrease in the output of real estate agents and brokers. This marked the fifth consecutive monthly decline in this industry.
Widespread decreases in wholesale trade
Wholesaling activity decreased 1.8% in May, with weakness in most major trade groups. The most notable declines were in other products (mainly agricultural supplies), personal and household goods, motor vehicle parts and accessories, and building materials.
Increase in the finance and insurance sector
The finance and insurance sector advanced 0.5% in May, led by financial intermediation (loans and banking activities) and a higher volume of trading on the stock exchanges.
Retail trade expands
Retail trade grew by 0.3% in May, with notable increases in clothing and accessories, and in food and beverage stores. Decreases were recorded in building and outdoor home supplies stores, mirroring the weakness in construction, and by used car dealers.
Manufacturing edges up
Manufacturing was up by 0.1% in May. Manufacturers of non-durable goods increased their production by 0.8%, notably those of pharmaceutical and food products. Conversely, manufacturing of durable goods fell 0.4%, particularly communication equipment and machinery.
Other industries
Forestry and logging increased by 7.7% in May. Utilities decreased for a third consecutive month as the demand for electricity declined.
Available on CANSIM: table 379-0027.
Definitions, data sources and methods: survey number 1301.
The May 2010 issue of Gross Domestic Product by Industry, Vol. 24, no. 5 (15-001-X, free), is now available from the Key resource module of our website under Publications.
Data on gross domestic product by industry for June will be released on August 31.
For more information, or to order data, contact the dissemination agent (toll-free 1-800-887-4623; 613-951-4623; iad-info-dci@statcan.gc.ca). To enquire about the concepts, methods or data quality of this release, contact Bernard Lefrançois (613-951-3622), Industry Accounts Division.
Table 1
| December 2009r | January 2010r | February 2010r | March 2010r | April 2010r | May 2010p | May 2010 | May 2009 to May 2010 | |
|---|---|---|---|---|---|---|---|---|
| Seasonally adjusted | ||||||||
| month-to-month % change | millions of dollars¹ | % change | ||||||
| All industries | 0.5 | 0.6 | 0.2 | 0.6 | -0.0 | 0.1 | 1,230,525 | 3.8 |
| Goods-producing industries | 0.4 | 1.3 | 0.3 | 1.5 | 0.1 | 0.6 | 345,559 | 6.3 |
| Agriculture, forestry, fishing and hunting | 0.1 | -0.2 | 1.5 | 0.7 | 0.5 | 1.3 | 26,142 | 3.7 |
| Mining and oil and gas extraction | -1.2 | 1.1 | -0.5 | 3.1 | 1.0 | 3.4 | 54,996 | 7.9 |
| Utilities | 1.8 | 0.0 | 0.2 | -1.7 | -0.7 | -0.5 | 29,077 | -1.4 |
| Construction | 0.4 | 2.0 | -0.7 | 0.8 | -0.2 | -1.6 | 70,741 | 4.1 |
| Manufacturing | 1.2 | 1.4 | 1.2 | 1.7 | -0.3 | 0.1 | 160,579 | 8.6 |
| Services-producing industries | 0.5 | 0.3 | 0.2 | 0.3 | -0.1 | -0.1 | 888,819 | 2.7 |
| Wholesale trade | 1.3 | 2.1 | -1.0 | 1.4 | 0.5 | -1.8 | 70,134 | 8.3 |
| Retail trade | 0.5 | 1.2 | 0.5 | 1.9 | -1.8 | 0.3 | 77,406 | 4.7 |
| Transportation and warehousing | 1.3 | 0.4 | 0.4 | 0.4 | -0.2 | 0.5 | 58,022 | 5.8 |
| Information and cultural industries | 0.2 | 0.1 | 0.6 | -0.4 | -0.1 | 0.2 | 45,483 | -0.7 |
| Finance, insurance and real estate | 0.4 | -0.0 | 0.1 | 0.2 | 0.1 | -0.1 | 257,676 | 2.7 |
| Professional, scientific and technical services | 0.0 | -0.1 | 0.0 | 0.1 | 0.1 | -0.1 | 60,095 | -0.8 |
| Administrative and waste management services | 0.3 | 0.1 | 0.3 | 0.0 | 0.2 | 0.2 | 29,833 | -0.5 |
| Education services | 0.4 | 0.2 | 0.1 | -0.0 | 0.2 | 0.1 | 63,176 | 2.7 |
| Health care and social assistance | 0.4 | -0.0 | 0.0 | 0.1 | 0.1 | -0.0 | 82,523 | 1.8 |
| Arts, entertainment and recreation | 0.4 | -0.4 | 5.5 | -4.4 | -1.7 | 0.5 | 11,092 | -0.7 |
| Accommodation and food services | 1.2 | -0.3 | 2.1 | -0.6 | -0.2 | 0.3 | 27,355 | 3.4 |
| Other services (except public administration) | 0.2 | -0.0 | 0.1 | -0.0 | 0.1 | -0.0 | 32,104 | -0.3 |
| Public administration | 0.4 | 0.2 | 0.1 | 0.0 | 0.1 | 0.0 | 74,262 | 2.8 |
| Other aggregations | ||||||||
| Industrial production | 0.4 | 1.2 | 0.5 | 1.8 | 0.1 | 1.2 | 248,892 | 7.2 |
| Non-durable manufacturing industries | 0.1 | 0.6 | 1.3 | 1.0 | -1.1 | 0.8 | 65,255 | 4.6 |
| Durable manufacturing industries | 2.1 | 2.1 | 1.2 | 2.2 | 0.3 | -0.4 | 95,354 | 12.0 |
| Business sector industries | 0.5 | 0.7 | 0.3 | 0.8 | -0.0 | 0.1 | 1,021,209 | 4.1 |
| Non-business sector industries | 0.3 | 0.2 | 0.1 | -0.0 | 0.1 | 0.1 | 209,393 | 2.4 |
| Information and communication technologies industries | -0.0 | 0.4 | 0.3 | 0.5 | 0.4 | -0.3 | 59,651 | 1.8 |
| Energy sector | -0.5 | 0.7 | -1.0 | 1.6 | 0.6 | 2.4 | 82,624 | 6.2 |
