Quebec real GDP expanded at 0.6% annualized,in Q1 (Canada 1.9%), after a gain of 0.8% in Q4 (Canada,1.9%). Final domestic demand grew at 1.2% in Q1 (top,chart – Canada 1.3%). Real consumption was flat (Canada,+0.9%). Government current spending was down,0.5%, while government investment was up 9.4%.,Residential construction was down 0.6%. Business,investment was up 8.0% in nonresidential construction,and 13.5% in machinery and equipment. Inventory rebuilding,contributed to growth but international trade subtracted,from it. Real GDP of goods-producing industries at,basic prices fell 0.7% in Q1, with declines in all sectors –,a fourth consecutive pullback in electric power generation,,transmission and distribution (−4.0%), plus declines in,manufacturing (−1.1%), residential construction (−1.8%),mining (−24.6%) and agriculture, fishing and hunting,(−0.5%). Output of service industries expanded at 1.2%,,led by wholesale trade (+8.0%) and finance, insurance,,real estate and leasing services (+2.9%).
OPINION: Quebec’s real wage bill declined 1.2% in Q1,(Canada +1.5%). It was the worst showing since the end,of the last recession (middle chart), and helps explain the,flatness of consumer spending for the quarter. A decline,of the household saving rate to 1.0% (Canada 2.9%),does nothing to stimulate spending in Q2. Indeed, retail,sales declined in April. In Q1, fortunately, slack was,taken up by business investment, which made up almost,all the ground it lost in Q4. For the year as a whole, we,expect a good showing of business investment (though,corporate profits declined in Q1) and a contribution to,growth from international trade, for overall GDP growth,of 1.4%.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Quebec: Real GDP Up 0.6% In Q1
Published 07/01/2012, 07:41 AM
Updated 05/14/2017, 06:45 AM
Quebec: Real GDP Up 0.6% In Q1
FACTS:
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.