Canada: Real GDP edged up 0.1% in December, 0.4% in Q4

"Real gross domestic product (GDP) edged up 0.1% in December as 13 of 20 industrial sectors increased. This followed a 0.4% gain in November," the Statistics Canada announced this Friday.

Key highlights:

The output of service-producing industries edged up 0.1% in December, as increases in real estate and rental and leasing, the public sector and finance and insurance more than offset declines in wholesale and retail trade. The output of service-producing industries rose every month in 2017.

Goods-producing industries edged down 0.1% in December, following 1.0% growth in November. Declines in the manufacturing and construction sectors more than offset higher output from mining, quarrying, and oil and gas extraction.

On q-o-q basis, real GDP grew 0.4% in the fourth quarter, the same rate as the previous quarter. Final domestic demand rose 1.0%.

Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter.