Canada's real GDP remains unchanged in August

By Ovunc Kutlu

ISTANBUL (AA) - Canada's real gross domestic product (GDP) remained unchanged in August, the country's statistical body said Thursday.

"The services-producing industries edged up 0.1% in August, driven in large part by increases in the finance and insurance and the public administration sectors," Statistics Canada said in a statement.

Goods producing industries, on the other hand, contracted 0.4% to reach their lowest level since December 2021, led by manufacturing and utilities sectors.

Manufacturing sector showed the highest contraction with 1.2%.

Overall, however, 12 of 20 sectors expanded in August.