Rock to Road

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Construction GDP grows – just


December 24, 2009
By Andy Bateman

December 24, 2009 – Data  released yesterday by Statistics Canada shows October 2009  construction gross  domestic  product (GDP) growing by 0.1 per cent from September to October 2009, reducing the year over year decline from October 2008 to October 2009 to 7.0 per cent.

December 24, 2009 – Data  released yesterday by Statistics Canada shows
October 2009  construction gross  domestic  product (GDP) growing by
0.1 per cent from September to October 2009, reducing the year over
year decline from October 2008 to October 2009 to 7.0 per cent.

Real gross domestic product for all sectors grew 0.2% in October, a second consecutive monthly advance. Production increased in most major sectors, as was the case in September. A significantly higher level of activity for real estate agents and brokers provided the largest contribution to the 0.2% gain in service industries. There were also increases in retail and wholesale trade as well as in some tourism-related industries. Conversely, the finance and insurance sector retreated. Goods-producing industries advanced 0.1% on the strength of utilities. Construction advanced while mining retreated and manufacturing stood still.

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