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Statistics Canada reports economy grew 0.1% in August

14 out of 20 industrial sectors posted gains.

October 31, 2019   by CP STAFF

OTTAWA—Statistics Canada says real gross domestic product grew 0.1% in August, following no change in July.

Economists on average had expected growth of 0.2%for the month, according to financial markets data firm Refinitiv.

Statistics Canada says 14 out of 20 industrial sectors posted gains.

A rebound in manufacturing helped goods-producing industries rise 0.2%after two months of declines.

The manufacturing sector grew 0.5% as durable manufacturing rose 1.0%, while non-durable manufacturing fell 0.2%.

Services-producing industries edged up 0.1%.


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