BUSINESS

Canada GDP Unchanged In October After 4 Monthly Increases

12/23/2011 08:37 EST | Updated 02/22/2012 05:12 EST
AP
OTTAWA - Real gross domestic product was unchanged in October after four straight monthly increases.

Statistics Canada reports the output of goods-producing industries fell 0.2 per cent due to declines in utilities, construction, mining and oil-and-gas extraction.

The agency says these declines offset a gain in manufacturing.

Services increased 0.2 per cent, led by retail trade and, to a lesser extent, finance and insurance, the public sector and professional services.

Wholesale trade and some tourism-related industries fell.

The utilities sector decreased 1.5 per cent in October, mining and oil-and-gas extraction declined 0.2, construction decreased 0.4, wholesale trade fell 0.3.

Existing-homes sales increased across the country, while manufacturing production rose 0.3 per cent, retail trade was up 0.6 and the finance and insurance sector rose 0.3.

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