Economy grew by better-than-expected 0.3 per cent in November: StatsCan - InfoNews

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Economy grew by better-than-expected 0.3 per cent in November: StatsCan

January 31, 2013 - 5:40 AM

OTTAWA - Statistics Canada says the economy grew by 0.3 per cent in November, following a 0.1 per cent rise in October.

The November number for real gross domestic product is better than the 0.2 per cent analysts were predicting.

Most major industrial sectors increased production in November, with goods production up 0.6 per cent. Service industries were up just 0.1 per cent.

The statistics agency says manufacturing and mining, quarrying and oil and gas extraction were the main contributors to the November increase.

Wholesale and retail trade, utilities as well as transportation and warehousing services also rose, while construction and the public sector were unchanged.

Accommodation and food services and the finance and insurance sector shrank.

News from © The Canadian Press, 2013
The Canadian Press

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