Canada October 2019 GDP data:
- Prior was +0.1%
- Fist decline in 8 months
- Goods-producing -0.5%
- Service providing unchanged
- 13 of 20 sectors lower
- Manufacturing -1.4% (fourth decline in 5 months)
- Retail trade -1.1% -- largest decline since March 2016
- GDP +1.2% y/y vs +1.4% expected
- Prior y/y reading was +1.6% (revised to +1.5%)
The auto strike in the US caused some plants and parts producers to scale back production so there should be a bit of a rebound next month.
