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Canada’s economy grew at 0.2 per cent in May, Statistics Canada reports

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Workers install an outdoor sign at the new Target store at the Mic Mac Mall in Dartmouth, N.S., on July 20, 2013. Canada\'s real gross domestic product increased 0.2 per cent in May, the fifth consecutive month of growth for the economy but slightly below analyst expectations. Service industries, particularly retail and wholesale trade, were behind much of the growth. THE CANADIAN PRESS/Andrew Vaughan

OTTAWA – Statistics Canada says the country’s real gross domestic product increased 0.2 per cent in May — the fifth consecutive month of growth.

The federal agency says service industries — particularly retail and wholesale trade — were behind much of the growth.

Statistics Canada says the public sector, accommodation and food services, professional services and real estate services all posted gains.

However, transportation and warehousing were down.

The agency also says goods production fell 0.3 per cent because of a drop in mining, quarrying, and oil and gas extraction.

There were also declines in utilities, while manufacturing and the agriculture and forestry sector rose and construction remained unchanged in May.

The overall growth was slightly below analyst estimates that GDP would grow by 0.3 per cent from April.

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The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

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