The Canadian GDP decreased by 0.1% from the previous month in May 2025, according to advance estimates, with declines in mining, quarrying, and oil and gas extraction, public administration and retail trade partially offset by an increase in real estate and rental and leasing. In turn, GDP contracted by 0.1% from the previous month in April 2025, following a 0.2% rise in March as goods-producing industries fell by 0.6%, driven by broad-based manufacturing declines, while services-producing industries edged up 0.1%, led by public administration, finance and insurance, and arts, entertainment and recreation, partially offset by a 1.9% drop in wholesale trade.
