GDP up; manufacturing sector stabilizes
GDP grew in October while 10 of 21 manufacturing groups reported increases.
By CanadianManufacturing.com Staff | December 23, 2009
OTTAWA:Real gross domestic product grew 0.2 per cent in October, a second consecutive monthly advance, reports Statistics Canada. Production increased in most major sectors, as was the case in September. Goods-producing industries advanced 0.1 per cent on the strength of utilities. Construction advanced while mining retreated and manufacturing stabalized.
Manufacturing sector unchanged
After a one per cent advance in September, manufacturing output remained unchanged in October, with 10 of the 21 major groups increasing.The main industries experiencing growth were fabricated metal products, paper products and primary metals. A number of export-oriented sectors benefitted from an increase in international demand. Manufacturers of transportation equipment (excluding motor vehicles), chemicals and wood products reduced their production.
Wholesale trade edges up
The volume of wholesaling activity advanced 0.2 per cent in October. All major trade groups recorded increases, with the exception of food, beverage and tobacco products and the wholesaling of other products (such as fertilizers, chemicals and recycled materials), which declined.
Utilities output rises
Higher demand for electricity and natural gas led to a 2.4 per cent increase in utilities. This increase was partially attributable to colder than usual temperatures in some parts of the country.
Mining and oil and gas sink
Mining and oil and gas extraction decreased 0.4 per cent in October, as both petroleum and natural gas extraction declined. Conversely, support activities for oil and gas extraction grew for a third month in a row but its level stood well below that of a year ago.
Mining excluding oil and gas extraction edged up 0.1 per cent, as metal ore mines decreased their production while coal and non-metallic mineral mines, especially potash, increased their output.

