The Canadian economy contracted 0.3% month-over-month in April of 2021, ending 11 consecutive monthly increases but less than forecasts of a 0.8% drop. Several provinces in Canada tightened COVID-19 restrictions during the month that largely curtailed the strong "non-essential" shopping seen in March. Overall, 12 of 20 industrial sectors were down as gains in goods-producing industries (+0.5%) were more than offset by contractions in services-producing industries (-0.6%), namely retail trade (-5.5%). Canadian economic activity remained at about 1% below its level before the COVID-19 pandemic in February 2020. source: Statistics Canada
Leading Economic Index in Canada averaged 0.20 percent from 1997 until 2021, reaching an all time high of 6.10 percent in June of 2020 and a record low of -11.20 percent in April of 2020. This page provides the latest reported value for - Canada GDP MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada GDP MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Leading Economic Index in Canada is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Canada to stand at 0.40 in 12 months time. In the long-term, the Canada GDP MoM is projected to trend around 0.30 percent in 2022, according to our econometric models.