The Canadian economy contracted 0.1 percent month-over-month in December 2018, the same pace as in the previous month while markets had expected it to stall. It is the third contraction in four months. The goods-producing industries declined for the fifth consecutive month (-0.7% vs -0.4% in November). Excluding the gain in agriculture, forestry, fishing & hunting (1.2%), declines were seen in mining, quarrying, and oil & gas extraction (-0.3%); utilities (-2%); construction (-0.9%) and manufacturing (-0.7%). Meanwhile, the service-producing industries grew 0.2 percent, after showing no growth in November, mainly driven by wholesale trade (0.4%); transportation & warehousing (0.4%); retail trade (0.2%); professional services (0.4%); finance & insurance (0.2%) and accommodation & food services (1%). Year-on-year, the economy grew 1.1 percent compared to a downwardly revised 1.4 percent in November. Leading Economic Index in Canada averaged 0.20 percent from 1997 until 2018, reaching an all time high of 1.20 percent in September of 2003 and a record low of -1.40 percent in December of 2008.

Leading Economic Index in Canada is expected to be 0.00 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 0.10 in 12 months time. In the long-term, the Canada GDP MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.

Canada GDP MoM
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 01:30 PM GDP MoM -0.1% 0.1% 0.1% 0.2%
2018-12-21 01:30 PM GDP MoM 0.3% -0.1% 0.2%
2019-01-31 01:30 PM GDP MoM -0.1% 0.3% -0.1% 0.1%
2019-03-01 01:30 PM GDP MoM -0.1% -0.1% 0% 0.1%
2019-03-29 12:30 PM GDP MoM -0.1% 0.1% 0%
2019-04-30 12:30 PM GDP MoM 0.1%
2019-05-31 12:30 PM GDP MoM 0%


Canada Business Last Previous Highest Lowest Unit
Business Confidence 50.60 54.70 75.00 36.10 Index Points [+]
Manufacturing PMI 52.60 53.00 57.10 47.50 [+]
Industrial Production 4.20 2.10 10.26 -14.52 percent [+]
Industrial Production Mom 0.65 -0.87 3.33 -3.50 percent [+]
Manufacturing Production 3.32 2.44 11.77 -17.31 percent [+]
Capacity Utilization 81.70 82.80 87.30 72.70 percent [+]
New Orders 55999983.00 56982776.00 62768223.00 14816411.00 CAD THO [+]
Changes in Inventories 13422.00 6608.00 21415.00 -18847.00 CAD Million [+]
Bankruptcies 227.00 235.00 872.00 177.00 Companies [+]
Corporate Profits 83963.00 85053.00 85053.00 -758.00 CAD Million [+]
Car Registrations 111917.00 118185.00 220436.00 19807.00 Units [+]
Leading Economic Index -0.10 -0.10 1.20 -1.40 percent [+]
Internet Speed 16205.66 14855.09 16205.66 3293.95 KBps [+]
IP Addresses 15582991.00 15135509.00 15582991.00 8092964.00 IP [+]
Steel Production 1150.00 1150.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production 4.96 1.91 23.15 -16.41 percent [+]
Competitiveness Index 79.92 80.00 80.00 5.20 Points [+]
Competitiveness Rank 12.00 10.00 15.00 9.00 [+]
Corruption Index 81.00 82.00 92.00 81.00 Points [+]
Corruption Rank 9.00 8.00 14.00 5.00 [+]
Ease of Doing Business 22.00 18.00 22.00 8.00 [+]


Canada GDP MoM

In Canada, Leading Economic Index refers to GDP Growth MoM which measures the change in the value of the goods and services produced by the country economy compared to the previous month. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.10 1.20 -1.40 1997 - 2018 percent Monthly




Country Last Previous
Argentina 0.70 Feb/19
Australia 0.00 Feb/19
Brazil -0.41 Jan/19
Canada -0.10 Dec/18
Japan 95.90 Jan/19
Mexico 0.00 Dec/18
Russia 1.50 Feb/19
Singapore 112.00 Dec/18
South Africa -0.50 Dec/18
South Korea 113.40 Jan/19
Turkey -0.54 Jan/19
United Kingdom 0.20 Jan/19
United States 125.13 Dec/18


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