GDP of Canada declined in November


Analysts had expected a decrease in Canadian GDP in November 2018. The country's economy decreased by 0.1%. In October, an increase of 0.3% was recorded. Growth in 13 of Canada’s 20 industrial sectors was offset by declines in the wholesale, finance, insurance, manufacturing and construction sectors. Production fell by 0.3%, trade sector - by 1.1%. Wholesale sales declined by 2.1% after growing. The manufacturing sector deteriorated by 0.5%, for the third time in four months. Repair work at many refineries reduced production in the sector by 2.2%. The construction sector has reduced rates to a minimum of 2017. Low results in the industry have been marked for the sixth month in a row. Construction of residential real estate fell by 1%, non-residential - by 0.7%. A 0.7% decline was noted in retail.

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