GDP in Canada in July has not changed

Gross domestic product (GDP) in Canada in July 2014 did not change compared with the previous month, when the increase was recorded at 0.3%, according to the Statistical Office of the country.

Analysts polled by Bloomberg, expect that the Canadian economy will grow by 0.3%.

Compared with July 2013, GDP grew by 2.5% yoy and amounted to 1.630 trillion Canadian dollars.

In the second quarter of 2014 Canada’s GDP grew by 3.1%, based on an annual rate, after rising 1.2% in the first.

Statupravleniya Canada also released data on producer prices for August. Producer prices (index PPI) in August 2014 increased by 0.2% compared with the previous month, when they decline was 0.3%.

Analysts predicted that prices will decrease by 0.2% ..

On an annual basis, prices rose by 2.5%.

Producer prices of raw materials in the past month decreased by 2.2%. Experts had expected a decline in prices of 1.5%. On an annual basis, prices fell by 0.6%.

GDP in Canada in July has not changed