Q1 GDP report by the numbers

Growth declines, also revised downward for previous quarter.

June 1, 2015

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

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