Canadian GDP by Industry for November

On Friday, Statistics Canada (StatCan) reported that real gross domestic product (GDP) was virtually unchanged in November 2025, following a 0.3% decline in October, as contractions in goods-producing industries offset gains in services-producing industries.

Goods-producing industries fell 0.3% in November, marking the third decline in four months. The decrease was driven by contractions in manufacturing and in agriculture, forestry, fishing, and hunting. Services-producing industries edged up 0.1%, supported by expansions in retail trade, educational services, and transportation and warehousing. Overall, 10 of the 20 industrial sectors recorded growth in November.

Within goods-producing industries, forestry and logging declined 2.8% for the third consecutive month. StatCan said this was the subsector’s largest contraction since May 2023, bringing activity to a record low, as timber harvesting companies scaled back production in response to sawmill production cutbacks and weak lumber markets.

StatCan also released its advance estimate for December real GDP, suggesting the economy declined 0.1% in Q4 but rose 1.3% for all of 2025. The official estimates for Q4 and the full year will be released on February 27.