Canada June GDP +0.0% vs +0.1% expected

• Prior was +0.2%
• Services industries +0.1% vs +0.1% prior
• Goods -0.4% vs +0.4% prior
• Manufacturing -1.5% vs +1.0% prior
• July advance GDP 0.0%

Real gross domestic product was essentially unchanged in June, following a 0.1% increase in May. Goods-producing industries (-0.4%)
saw its largest decrease since December 2023 as declines in
manufacturing and construction were partially offset by increases in
utilities and agriculture. Services-producing industries (+0.1%)
increased for the third consecutive month in June 2024.
Overall, 12 of 20 sectors expanded in June.

This article was written by Giuseppe Dellamotta at www.forexlive.com.