RPT-Canada's economy flat in Q4, January GDP likely up 0.3%

Kitco Media
By Reuters
Published:
Updated:
Reuters
OTTAWA, Feb 28 (Reuters) - Canada's economy was flat on an annualized basis in the fourth quarter, well below analysts' expectations, driven by slower inventory accumulations and declines in business investment in machinery and equipment, Statistics Canada data showed on Tuesday. December's real GDP fell by 0.1% over November, also below expectations, while January's GDP likely increased by 0.3%, Statscan said in a flash estimate. Following are seasonally adjusted figures for gross domestic product, in percent. With the exception of the price index data, they are adjusted for inflation.


Q4 Q3 Q2 Annualized change 0.0 +2.3 +3.6 Change from previous quarter 0.0 +0.6 +0.9 Quarterly change in GDP
implicit price index -0.7 -1.2 +3.0
NOTE: The median forecast of analysts in a Reuters poll was for 1.5% annualized growth in the fourther and for December GDP to be flat. (Reporting by Dale Smith; editing by Ismail Shakil)


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