Canada GDP edges up 0.1% in April, chem output rises 4.9%
Stefan Baumgarten
29-Jun-2018
TORONTO (ICIS)–Canada’s real gross domestic product (GDP) edged up 0.1% in April, from March, as output rose in 12 of 20 industrial sectors, federal agency Statistics Canada said in a data release on Friday.
After a decline in January, GDP has risen every month since the beginning of 2018.
In manufacturing, output was up 0.8% in April, with output of both durable and non-durable manufacturing rising.
Chemical products grew 4.9%, driven by an 8.9% increase in pharmaceutical and medicine manufacturing as exports to the US increased.
Petroleum and coal products fell 18.6% as partial shutdowns at a number of refineries across the country for maintenance work reduced the subsector’s production capacity, Statistics Canada said.
Compared with April 2017, GDP was up 2.5% year on year, with manufacturing up 3.5%.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.