Canada: GDP was unchanged in February following three months of growth

Eren Sengezer FXStreet

Gross domestic product was unchanged in February following three months of growth said Statistics Canada on Thursday.

Gains in service-producing industries were offset by declines in goods-producing industries
Service-producing industries were up 0.2% in February following a 0.5% gain in January, the highest monthly growth rate since January 2013. Goods-producing industries were down for the first time since October, declining 0.3% in February.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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