The Canadian economy advanced 0.2% from a month earlier in May of 2019, easing from a 0.3% expansion in the previous month but above market expectations of a 0.1% growth. It is the third consecutive month of gains, as goods-producing industries rose 0.6%, up for a third month, and services-producing industries edged up 0.1%. Manufacturing expanded 1.2% in May, as durable manufacturing grew 2.3%, of which transportation equipment (+5.7%) led the increase, as motor vehicle production returned to normal levels, following temporary shutdowns and atypical production schedules at some plants in April. Also, the construction sector was up 0.9%, particularly residential construction (+2.2%) and the transportation and warehousing sector was up 1.0%, led by a 4.9% increase in rail transportation. On the other hand, wholesale trade fell 1.4% and mining, quarrying and oil and gas extraction sector contracted 0.8%. Leading Economic Index in Canada averaged 0.20 percent from 1997 until 2019, reaching an all time high of 1.20 percent in September of 2003 and a record low of -1.40 percent in December of 2008.

Leading Economic Index in Canada is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Canada to stand at 0.20 in 12 months time. In the long-term, the Canada GDP MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.

Canada GDP MoM
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 12:30 PM GDP MoM Feb -0.1% 0.3% 0% 0.1%
2019-05-31 12:30 PM GDP MoM Mar 0.5% -0.2% 0.4% 0.2%
2019-06-28 12:30 PM GDP MoM Apr 0.3% 0.5% 0.1% 0.3%
2019-07-31 12:30 PM GDP MoM May 0.2% 0.3% 0.1% 0.2%
2019-08-30 12:30 PM GDP MoM Jun 0.2% 0.2%
2019-10-01 12:30 PM GDP MoM Jul
2019-10-31 12:30 PM GDP MoM Aug


Canada Business Last Previous Highest Lowest Unit
Business Confidence 54.20 52.40 75.00 36.10 Index Points [+]
Manufacturing PMI 50.20 49.20 57.10 47.50 [+]
Industrial Production 3.14 2.74 10.26 -14.52 percent [+]
Industrial Production Mom 0.42 0.95 3.33 -3.50 percent [+]
Manufacturing Production 3.05 1.50 11.77 -17.31 percent [+]
Capacity Utilization 80.90 81.80 87.30 72.70 percent [+]
New Orders 56779434.00 59252906.00 63214073.00 14816411.00 CAD THO [+]
Changes in Inventories 17717.00 13891.00 24252.00 -21563.00 CAD Million [+]
Bankruptcies 212.00 236.00 872.00 177.00 Companies [+]
Corporate Profits 85116.00 84400.00 97553.00 -758.00 CAD Million [+]
Car Registrations 189850.00 206821.00 220436.00 19807.00 Units [+]
Leading Economic Index 0.20 0.30 1.20 -1.40 percent [+]
Internet Speed 16205.66 14855.09 16205.66 3293.95 KBps [+]
IP Addresses 15582991.00 15135509.00 15582991.00 8092964.00 IP [+]
Wholesale Sales -1.80 1.60 6.90 -5.30 percent [+]
Steel Production 970.00 1150.00 1534.00 349.00 Thousand Tonnes [+]
Mining Production -0.89 0.64 23.15 -16.41 percent [+]
Manufacturing Sales -1.20 1.60 6.60 -9.20 percent [+]
Competitiveness Index 79.92 80.00 80.00 5.20 Points [+]
Competitiveness Rank 12.00 10.00 15.00 9.00 [+]
Corruption Index 81.00 82.00 92.00 81.00 Points [+]
Corruption Rank 9.00 8.00 14.00 5.00 [+]
Crude Oil Rigs 121.00 114.00 715.00 32.00 [+]
Ease of Doing Business 22.00 18.00 22.00 8.00 [+]


Canada GDP MoM

In Canada, Leading Economic Index refers to GDP Growth MoM which measures the change in the value of the goods and services produced by the country economy compared to the previous month. This page provides the latest reported value for - Canada GDP MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada GDP MoM - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 1.20 -1.40 1997 - 2019 percent Monthly
SA




Country Last Previous
Argentina -0.80 Jul/19
Australia 0.10 Jul/19
Brazil 0.30 Jun/19
Canada 0.20 May/19
Japan 93.30 Jun/19
Mexico -0.40 May/19
Russia 1.70 Jul/19
Singapore 108.10 Jun/19
South Africa -0.40 Jun/19
South Korea 114.50 Jun/19
Turkey 2.43 Jun/19
United Kingdom -0.20 Jun/19
United States 128.29 Jun/19


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