Québec, January 30, 2018. – Québec’s real gross domestic product (GDP) at basic prices was up 0.2% for the second consecutive month. In Canada, GDP remained stable. Service-producing industries were behind Québec’s growth (+0.3%), as goods-producing industries edged down 0.1%. GDP for the first ten months of 2017 was up 3.1% compared with the same months of 2016. In Canada, it was up 3.3%.
The growth posted in October was mostly attributable to the manufacturing, wholesale and retail trade, and professional, scientific and technical services sectors.
Decline in goods output
In October 2017, goods-producing industries recorded a 0.1% decline, following a 1.0% increase in September. This decline was entirely on account of the utilities sector (-4.3%). Output was up in all of the other sectors, namely mining, quarrying, and oil and gas extraction (+2.2%), agriculture, forestry, fishing and hunting (+0.2%), construction (+0.2%), and manufacturing (+0.8%).
Rise in service output
Service-producing industries were up 0.3% following a 0.1% decrease in September. Several sectors recorded significant increases in October, including wholesale trade (+2.1%), retail trade (+1.8%), and professional, scientific and technical services (+1.1%). However, educational services and transportation and warehousing declined 1.0% and 0.7% respectively.
In the first ten months of 2017, both service- and goods-producing industries grew by 3.1% compared with the same period in 2016.
Manufacturing sector up
Manufacturing output experienced an upswing in October 2017 with a 0.8% increase, following two monthly consecutive declines (-2.1% in August and -0.2% in September). The rise in October was essentially due to the durable goods manufacturing sector (+1.3%), although the non-durable goods manufacturing sector also posted gains (+0.1%).
The growth in durable goods manufacturing was essentially due to the wood product manufacturing (+4.7%), primary metal manufacturing (+1.5%), and furniture and related product manufacturing (+5.9%) sectors. As for non-durable goods industries, the increase was essentially attributable to the food manufacturing (+1.1%), beverage and tobacco product manufacturing (+4.1%), chemical manufacturing (+1.8%) and plastics and rubber products manufacturing (+2.6%) sectors.
Output levels increased in 13 out of 19 manufacturing sectors in October 2017.
Growth in the construction industry
Output in the construction industry was up 0.2% in October, following a 3.1% increase in September. October’s rise in output was mainly due to the gains registered in engineering construction and residential construction. The increased output in residential construction was attributable to the apartment building subsector.
Increases in both wholesale and retail trade
Output in wholesale trade went up 2.1% in October, following a 1.5% decline in September. October’s growth was mainly due to the gains recorded by machinery, equipment and supplies wholesaler-distributors (+8.9%) and food, beverage and tobacco wholesaler-distributors (+4.0%).
Output in retail trade rose 1.8% in October, after a drop of 1.5% in September. The growth in October was essentially due to the gains registered by motor vehicle and parts dealers (+4.0%) and clothing and clothing accessories stores (+5.2%).
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