Canada's economy expanded in April, but not by as much as economists had been expecting.
Statistics Canada reported Monday that Canada's service sector expanded during the month, but the output of goods-producing industries actually declined.
"There were notable declines in mining and oil and gas extraction, construction and utilities, while manufacturing was up," the data agency said. Manufacturing was actually the only part of the goods-producing sector that expanded during the month.
Economists polled by Bloomberg had been expecting the overall GDP figure to come in at around a 2.3 per cent annual pace of growth.
For comparison purposes, data out of the U.S. showed the American economy contracted by 2.9 per cent in the first three months of the year primarily for weather-related reasons, but economists don't expect that weak showing to continue.
There were large declines in a number of sectors, including construction, agriculture, mining and oil and gas, that dragged the overall growth lower. But some say that trend won't continue.
"The natural resources sector is fairly lumpy and the weak output numbers for April will likely be reversed in the months to come," Scotiabank said in a note following the release of the data.
Anda sedang membaca artikel tentang
Canadian economy expands by less than expected in April
Dengan url
http://belajarbisnismen.blogspot.com/2014/06/canadian-economy-expands-by-less-than.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Canadian economy expands by less than expected in April
namun jangan lupa untuk meletakkan link
Canadian economy expands by less than expected in April
sebagai sumbernya
0 komentar:
Posting Komentar