Growth declines, also revised downward for previous quarter.
June 1, 2015
by CANADIAN PRESS
OTTAWA — A quick look at some of the numbers in Statistics Canada’s report on real gross domestic product for the first three months of 2015.
• Annualized rate of change in real GDP: negative 0.6% (followed downwardly revised growth of 2.2% for final quarter of 2014).
• Nominal GDP: negative 0.7% quarter-over quarter (the first decrease since the second quarter of 2009). Nominal GDP tracks the value of economic activity and is crucial to tax revenues.
• Household consumption: 0.1% (the slowest growth in household spending since second quarter 2012).
• Exports: negative 0.3% (rate fell for the second straight quarter).
• Imports: negative 0.4% (after three consecutive quarters of growth).
• Mining, quarrying, and oil and gas extraction: negative 2.7%.
© 2015 The Canadian Press