October 2017 GDP - Construction

Statistics Canada reported GDP statistics for October 2017 today. Overall, GDP was unchanged from September 2017, although total construction activity declined by 0.1%, led by non-residential construction (down 0.3%). This is the first decline in total construction and non-residential construction in four months. Within the non-residential area, a decline in commercial activity more than offset growth in industrial and institutional construction. Economic results are in line with Bank of Canada predictions of a softening economy in the 4th quarter of 2017. See the data here.