Canada's GDP grows 0.3 pct in May


By Lin Wei

OTTAWA, July 31 (Xinhua) -- Canada's real gross domestic product (GDP) grew 0.3 percent in May, rising for a second consecutive month, as both goods-producing and services-producing industries expanded in the month, Statistics Canada said Friday.

According to the national statistical agency, goods-producing industries expanded 0.6 percent, as most sectors comprising the aggregate rose in May. Services-producing industries rose 0.2 percent.

Advance information indicates that real GDP increased 0.2 percent in June. Increases in wholesale, finance and insurance, and retail trade were partially offset by decreases in utilities and agriculture, forestry, fishing and hunting, said the agency.

With the advance estimate for June, information on real GDP by industry suggests that the economy expanded 0.8 percent in the second quarter of this year, said Statistics Canada.

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