Canada s economy grew slightly in November last year, ending a three month streak of flat

Mondo Health Updated on 2024-02-01

China News Service Toronto, February 1 (Reporter Yu Ruidong) Canada's real gross domestic product (GDP) will achieve 0. month-on-month growth in November 2023 after basically zero month-on-month growth for three consecutive monthsA slight increase of 2%.

Data released by Statistics Canada on January 31 showed that most of the growth in November came from the goods production sector. This group grew by 06%, the highest increase since January 2023.

The manufacturing sector grew by 09%。Among them, non-durable goods increased by 12%, the largest increase since May 2023. Among them, the food manufacturing industry contracted by 04%。The durable goods manufacturing sector grew by 06%。

Wholesale** rose 0. month-on-month in November after two consecutive months of declines7%。Wholesale sales of motor vehicles and vehicle parts increased by 26%, and the wholesale of building materials and supplies increased by 16%。

After the St. Lawrence River Waterway strike in October last year, the transport and warehousing sector achieved a month-on-month increase of 08% of **. Rail, water and trucking all saw growth.

However, due to the general strike in Quebec's education services sector since last November, the education services sector fell by 03%。

The information and cultural services sector grew by 05%, the first time in half a year**. Among them, benefiting from the end of the Hollywood strike in the United States, the film and sound recording industry grew by 29%, the largest monthly increase since September 2022, resulting in an increase of 1The 5% of the publishing industry is in a leading position in the information and cultural services sector.

The mining, quarrying, oil and gas extraction sectors grew by 03%, the second consecutive month of growth. Among them, the oil and gas extraction industry grew by 15%。The mining and quarrying industry contracted by 13%。

At the same time, the Canadian Bureau of Statistics preliminarily estimated that real GDP rose by 0.0 month-on-month in December last year3%, and the economy grew by 03%, and the overall economic growth in 2023 will be 15%。(ENDS).

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