Québec, February 23, 2017 – Québec’s gross domestic product (GDP) at basic prices rose by 0.7% in November 2016, following a 0.3% drop in October. Canada’s GDP recorded a 0.4% rise in November. The increase in Québec was essentially on account of goods-producing industries, which recorded a 2.3% increase. Service-producing industry output went up 0.1%. Québec’s GDP for the first eleven months of 2016 rose by 1.8% when compared with the same period in 2015. In Canada, the corresponding rate was 1.1%.
November’s GDP growth was mainly attributable to the gains recorded in the manufacturing sector. The following sectors all saw their output increase significantly: mining, quarrying, and oil and gas extraction; construction; and finance and insurance.
Rise in goods output
In November 2016, goods-producing industries recorded a 2.3% rise, following a 1.9% drop in October and a 0.8% rise in September. Mining, quarrying, and oil and gas extraction (+8.6%); utilities (+1.9%); construction (+1.6%); and manufacturing (+2.5%) increased their output. Conversely, the agriculture, forestry, fishing and hunting sector saw its output drop (– 0.9%).
Rise in service output
Service output was up 0.1% in November, following a 0.3% rise in October. Several sectors experienced an increase in November, including retail trade (+0.7%), transportation and warehousing (+0.6%), and finance and insurance (+1.4%). Conversely, output in wholesale trade (– 1.2%), health care and social assistance (– 0.4%), and public administration (– 0.5%) declined.
In the first eleven months of 2016, service-producing industries rose by 2.1% and goods-producing industries posted an increase of 1.0% when compared to the same period in 2015. In Canada, these rates were +2.0% for service-producing industries and – 1.2% for goods-producing industries.
Manufacturing sector posted gains
Manufacturing sector output rose by 2.5% in November, following a 2.2% drop in October and a 1.8% rise in September. November’s increase was attributable as much to a 2.4% gain recorded in the durable goods manufacturing sector as to the 2.6% increase observed in the non-durable goods manufacturing sector.
This growth was mainly attributable to the following durable goods manufacturing industries: primary metals, machinery manufacturing, and computer and electronic product manufacturing. The growth of non-durable goods manufacturing industries was mainly attributable to petroleum and coal product manufacturing and chemical product manufacturing. In addition, 14 out of 19 manufacturing industries posted a rise in their output in November.
Upturn in the construction industry
Construction industry output rose by 1.6% in November, following a 1.1% drop in October. November’s increase was mainly attributable to the gains observed in engineering construction. Residential sector output remained stable in November. The slowdown in new housing construction (single houses, row houses and apartments) was wholly compensated by the increase recorded in residential renovation.
Wholesale trade down and retail trade up
Wholesale output was down 1.2% in November, following a 2.7% increase in October. The decrease in November was mainly due to the losses recorded by food, beverage and tobacco wholesaler-distributors (– 8.3%) and miscellaneous wholesaler-distributors (– 5.0%).
For the fourth consecutive month, retail trade output rose (+0.7% in November, +0.3% in October, +0.5% in September and +0.4% in August). Motor vehicle and parts dealers (+1.1%), furniture and home furnishing stores (+5.2%), and building material and garden equipment and supplies (+4.9%) all increased their output.
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