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    Québec’s real GDP at basic prices down 0.7% in July 2021

    Québec, October 26, 2021. – In July 2021, Québec’s real gross domestic product (GDP) at basic prices was down 0.7% from the previous month, following a 0.7% increase in June. This was revealed in Produit intérieur brut par industrie au Québec, juillet 2021 released today by the Institut de la statistique du Québec.

    Goods production declined by 1.0%

    Output in the goods-producing industries was down 1.0% in July, after growing 0.2% in June. The decrease in July was due to declines in manufacturing (-2.9%), construction (-2.7%) and utilities (-3.9%). On the other hand, mining, quarrying, and oil and gas extraction was up 20.2%, after posting declines in May (-12.7%) and June (-6.7%).

    The decrease in the manufacturing sector came primarily from machinery manufacturing (-12.8%), fabricated metal product manufacturing (-5.9%), miscellaneous manufacturing (-11.6%), and non-metallic mineral product manufacturing (-10.0%).

    Service production down 0.6%

    In July, service-producing industries were down 0.6%, following a 0.9% increase in June. Wholesale trade (-7.5%) is the sector that contributed the most to the decline in July. Retail trade (-1.9%) and health care and social assistance (-0.9%) also posted declines. However, gains in accommodation and food services (+9.9%) and educational services (+2.0%) moderated the decline in services production.

    Cumulative total for the first seven months of 2021: Québec’s real GDP grew 9.0%

    For the first seven months of 2021, Québec’s real GDP was 9.0% higher than in the same months in 2020. This strong growth must be interpreted in the context of the historic declines of March and April 2020.

    Change in real GDP by industry in Québec

    Évolution du PIB réel par industrie au Québec

    Source: Institut de la statistique du Québec, Direction des statistiques économiques.

    Cumulative real GDP growth1 in Québec

    Croissance cumulative du PIB réel au Québec

    1. GDP growth for the period from January to the reference month compared to the same period in the previous year. Cumulative growth for December represents GDP growth for the year.
    Source: Institut de la statistique du Québec, Direction des statistiques économiques.

    Canada’s real GDP at basic prices down 0.1% in July 2021

    According to data published by Statistics Canada on October 1, 2021, Canada’s real GDP at basic prices was down 0.1% in July 2021. Goods-producing industries decreased by 1.4%, while service-producing industries rose by 0.4%. For the first seven months of 2021, Canada’s real GDP was 6.3% higher than in the same months of 2020.

    Real gross domestic product by industry1 (percentage change)


      2020 2021
     
      Annual change Monthly change Cumulative change2
       
     
        June   July  

    Québec -5.3 0.7   -0.7 9.0
    Canada -5.3 0.6   -0.1 6.3

    1. Gross domestic product levels by industry are valued at basic prices in chained dollars (2012), seasonally adjusted and annualized.
    2. First seven months of 2021 compared with the same months in 2020.
    Sources: Institut de la statistique du Québec and Statistics Canada.


    The Institut de la statistique du Québec produces, analyzes and disseminates official, objective and quality statistical information on various aspects of Québec society. It is responsible for conducting all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

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