Gross domestic product (GDP) fell by 0.1% in Quebec in April 2022, compared to the previous month.
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In March, the increase was 0.7%. However, according to data released Tuesday by the Institut de la Statistique du Québec (ISQ), “the level of production of half of the 20 major sectors of economic activity decreased in April”.
Goods-producing industries declined 0.6% during this period, following a 0.9% gain in March.
This decrease is mainly due to the agriculture, forestry, fishing and hunting (-2%), public services (-1.8%), construction (-1.4%) and mining sectors, oil and gas (-0.9%).
Conversely, the manufacturing sector recorded an increase of 0.5%.
Service-producing industries, for their part, rose by 0.1% in April. This increase is mainly attributable to arts, entertainment and recreation services (6.3%) as well as transportation and warehousing services (2.2%). Professional, scientific and technical services (1%), retail trade (0.6%) also recorded gains. Conversely, the wholesale trade and finance and insurance sectors saw declines of 1.6% and 0.7% respectively in April.
For the first four months of 2022, Quebec’s real GDP is 4.2% higher than that of the same months of 2021, noted the ISQ.
According to information published by Statistics Canada, Canadian real GDP at basic prices increased by 0.3% in April 2022 compared to the previous month.
