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3 Mar 2015
Canadian GDP rises 0.3%
FXStreet (Mumbai) - The data released by Statistics Canada showed annualised real gross domestic product (GDP) grew 2.4% in the fourth quarter, beating the estimate of 2.0%, and up from a 3.2% gain in the third quarter.
On a monthly basis, real GDP increased 0.3% in December, beating the estimate of 0.2% gains, and higher from the 0.2% contraction in the third quarter. Household final consumption expenditure rose 0.5%, contributing to economic growth in the fourth quarter, while business gross fixed capital formation edged down 0.1% after a strong third quarter. Final domestic demand rose 0.4%, following a 0.7% increase.
Exports of goods and services fell 0.4% after increasing 2.2% in the previous quarter. Exports of goods were lower, while exports of services were higher. Imports were up 0.4%.
On a monthly basis, real GDP increased 0.3% in December, beating the estimate of 0.2% gains, and higher from the 0.2% contraction in the third quarter. Household final consumption expenditure rose 0.5%, contributing to economic growth in the fourth quarter, while business gross fixed capital formation edged down 0.1% after a strong third quarter. Final domestic demand rose 0.4%, following a 0.7% increase.
Exports of goods and services fell 0.4% after increasing 2.2% in the previous quarter. Exports of goods were lower, while exports of services were higher. Imports were up 0.4%.