Economic activity up in November 2017

Québec, February 27, 2018. – Québec’s real gross domestic product (GDP) at basic prices went up 0.4% in November 2017, after posting increases in September (+0.1%) and October (+0.4%). In Canada, GDP also rose 0.4%. Both service-producing industries (+0.4%) and goods-producing industries (+0.3%) were behind Québec’s growth. During the first eleven months of 2017, GDP was up 3.2% compared with the same months of 2016. In Canada, it increased 3.4%.

November’s growth was mostly attributable to the retail trade, public administration, utilities, manufacturing, and educational services sectors, as well as to the agriculture, forestry, fishing and hunting sector. Seventeen out of the 20 major economic sectors saw their output increase in November.

Goods output increased

In November 2017, goods-producing industries recorded a 0.3% increase, after maintaining a stable output level in October. The growth registered in November was mostly attributable to the manufacturing (+0.6%), utilities (+2.3%), and agriculture, forestry, fishing and hunting (+2.3%) sectors. The other two sectors—namely mining, quarrying, and oil and gas extraction and construction—both saw a decline in output (-2.8% and -1.3% respectively).

Rise in service output

Service-producing industries were up 0.4% in November 2017 following a 0.5% increase in October. Several sectors posted significant gains in November, including retail trade (+2.2%), educational services (+1.0%), and public administration (+1.3%). However, output was down in wholesale trade (-1.2%).

In the first eleven months of 2017, service- and goods-producing industries recorded respective increases of 3.2% and 3.4% compared with the same period in 2016.

Manufacturing sector up

The renewed activity (+1.1%) observed in the manufacturing sector in October 2017 continued in November (+0.6%). As in October, the increase in November was essentially on account of the durable goods manufacturing sector (+1.0%). Non-durable goods manufacturing remained stable (0.0%).

The growth in durable goods manufacturing was essentially due to the primary metal manufacturing (+3.7%) and machinery manufacturing (+2.5%) sectors. As for non-durable goods industries, the food manufacturing and chemical manufacturing sectors recorded respective increases of 0.5% and 2.1%. However, the beverage and tobacco product manufacturing and petroleum and coal product manufacturing sectors declined 4.5% and 4.0%, respectively.

Output levels increased in 9 out of 19 manufacturing sectors in November 2017.

Construction industry down

Output in the construction industry was down 1.3% in November, in the wake of a 0.2% increase in October. The slowdown in November was primarily due to the losses registered in the residential construction sector (-3.9%), which were themselves attributable to the residential renovation subsector.

Wholesale trade drops and retail trade rises

Wholesale trade output was down 1.2% in November, following a 3.3% increase in October. The drop in November was mainly due to a decreased output by machinery, equipment and supplies wholesaler-distributors (-6.4%) and building material and supplies wholesaler-distributors (-6.4%).

Output in retail trade was up 2.2% in November, after an increase of 2.1% in October. The increase in November was mainly due to the gains registered by clothing and clothing accessories stores (+7.7%) and general merchandise stores (+7.2%).

The Institut de la statistique du Québec produces, analyzes and disseminates official, objective and quality statistical information on various aspects of Québec society. It is responsible for carrying out all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

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