The Canadian economy expanded 0.1 percent month-over-month in September of 2021, from an upwardly revised 0.6 percent rise in the previous period and in line with market expectations of a 0.1 percent increase. Among the 20 sectors, 12 observed growth, led by service producing industries (0.4 percent) Additional upward pressure came from the public sector (0.6 percent) and the mining, quarrying, and oil and gas extraction sector (1.2 percent). On the other hand, higher expansion was capped by the manufacturing sector (-1.7 percent), largely due to the shortage in semiconductor chips. Meanwhile, preliminary data showed that the economy expanded 0.8 percent in October. source: Statistics Canada
Monthly GDP MoM in Canada averaged 0.19 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 includes a chart with historical data for Canada Monthly GDP MoM. Canada Monthly GDP MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Monthly GDP MoM in Canada is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Monthly GDP MoM is projected to trend around 0.30 percent in 2022, according to our econometric models.