The Canadian economy has been growing at almost zero month on month for three consecutive months

Mondo Parenting Updated on 2024-01-30

**: China News Network.

China News Service Toronto, December 23 (Reporter Yu Ruidong) According to data released by Statistics Canada on the 22nd, the country's real gross domestic product (GDP) in October this year had zero month-on-month growth. As a result, the country's economy has been basically flat for three consecutive months.

Of the 20 industry sectors covered by the statistics, growth and decline accounted for half of the total. The service production industry increased slightly by 01%, the commodity production industry is basically flat.

The manufacturing sector contracted by 06%, the fourth decline in the last five months. The main sector driving the decline was durable goods manufacturing, which fell by 13%。The non-durable goods manufacturing sector edged up by 02%, achieving two consecutive months of increase. Wholesale ** continued the decline of the previous month, down 07%;Retail trade grew by 12%, the largest increase this year, with clothing and accessories stores, daily necessities, and health and personal care stores contributing more to the growth.

The mining, quarrying, oil and gas extraction sector ended a two-month losing streak and grew by about 1% month-on-month in October due to increased mining activity.

The water transport sector fell 3. month-on-month in October due to strike activity on the St. Lawrence River waterway7%, and the transport and warehousing sector fell by 02%。Trucking was also affected, down 09%。Railway transport was relatively flat, while air transport achieved a month-on-month increase of 19% growth.

The real GDP data for September released by the Canadian Bureau of Statistics at the end of November edged up 0.0 month-on-month1%, this revision is zero growth. Canada's GDP fell slightly in June and July this year, and the next three months were basically zero growth. The country's GDP fell by 03%, down 1. year-on-year1%。

At the same time, the Canadian Bureau of Statistics preliminarily showed that real GDP in November rose slightly by 01%。

According to data recently released by the Canadian Bureau of Statistics, the country's consumer ** index (CPI) in November this year continued to rise last month, with a year-on-year increase of **31%, a month-on-month increase of 01%。Mortgage interest costs, groceries, and home rents were the main leaders. Driven by the reduction of fuel **, energy ** fell by 5 year-on-year7%;But the price of electricity is **8 year-on-year2%, slowing down the decline in energy**. (ENDS).

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