Canada: Real GDP expands by 0.3% in January vs 0% expected

"Real gross domestic product expanded 0.3% in January, fully offsetting the declines in November and December 2018," Statistics Canada reported on Friday.

Key takeaways from the press release

• The rise was widespread as 18 of 20 industrial sectors were up.
• On a three-month rolling average basis, real gross domestic product edged up 0.1%, the same rate as the three-month rolling average in December 2018.
• The output of goods-producing industries increased 0.6%, led by growth in manufacturing and construction.
• Services-producing industries rose 0.2% as all but one sector increased.