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Manufacturing Rebound Lifts Canada's September GDP; October Flash Shows 0.3% Drop

BY MT Newswires | ECONOMIC | 11/28/25 08:52 AM EST

08:52 AM EST, 11/28/2025 (MT Newswires) -- Canadian real gross domestic product rose 0.2% month over month in September, more than offsetting August's decline of 0.1%, as goods-producing industries drove the increase for the second time in three months, said the country's statistical agency on Friday.

The September increase was in line with a consensus figure provided by MUFG.

Goods-producing industries increased 0.6% month over month in September, largely driven by higher activity in the manufacturing sector, noted Statistics Canada. Meanwhile, services-producing industries edged up 0.1% month over month. Overall, 10 industrial sectors increased in September.

The manufacturing sector led the overall growth with a 1.6% month-over-month expansion in September as durable-goods and non-durable-goods manufacturing industries grew, added the Ottawa-based agency. The transportation and warehousing sector rebounds on air transportation recovery.

Advance information indicates that real GDP decreased 0.3% month over month in October, according to StatsCan. Decreases in oil and natural gas extraction, educational services, and manufacturing were partially offset by increases in mining, quarrying and support services.

Real GDP increased 0.6% quarter over quarter in Q3, after falling 0.5% in Q2. The rise in Q3 was driven by a strengthening trade balance, as imports dropped and exports edged up. Increased capital investment was driven by government capital spending, as business investment was flat. Overall growth was dampened by declines in household and government final consumption expenditures as well as a slower accumulation of business inventory.

GDP and Income and Expenditure Accounts measure the production of goods and services in the Canadian economy as well as the incomes arising from this production and expenditure on the production. GDP represents the unduplicated value of goods and services produced during the reference period and are available for domestic consumption, investment or export.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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