Canada's GDP in August declined by 0.1%
Ottawa, Oct 31 (IBNS): Canada's Gross Domestic Product (GDP) growth declined by 0.1% in August, media reports said.
The goods-producing industries have seen a decline by 0.7%.
Apart from manufacturing, oil and gas production has also declined.
Bank of Montreal economist, Doug Porter, was quoted by CBC News: "The run of amazing Canadian economic data is officially over, with growth coming back to reality in hurry."
Oil and gas production has gone down for the third consecutive month.
The service sector has seen a marginal growth, 0.1%.
This has turned out to be the first monthly decline since October 2016, report said.
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