Gross domestic product (GDP) in Canada in July 2014 did not change compared with the previous month, when the increase was recorded at 0.3%, according to the Statistical Office of the country.
Analysts polled by Bloomberg, expect that the Canadian economy will grow by 0.3%.
Compared with July 2013, GDP grew by 2.5% yoy and amounted to 1.630 trillion Canadian dollars.
In the second quarter of 2014 Canada’s GDP grew by 3.1%, based on an annual rate, after rising 1.2% in the first.
Statupravleniya Canada also released data on producer prices for August. Producer prices (index PPI) in August 2014 increased by 0.2% compared with the previous month, when they decline was 0.3%.
Analysts predicted that prices will decrease by 0.2% ..
On an annual basis, prices rose by 2.5%.
Producer prices of raw materials in the past month decreased by 2.2%. Experts had expected a decline in prices of 1.5%. On an annual basis, prices fell by 0.6%.