Québec, October 25, 2022. – In July 2022, Québec’s real gross domestic product (GDP) at basic prices was down 0.5% after a decrease of 0.4% in June. This was revealed in Produit intérieur brut par industrie au Québec, juillet 2022 released today by the Institut de la statistique du Québec.
Goods output down 0.9%
For the fourth consecutive month, output in the goods-producing industries decreased (-0.9% in July). The decline in July was mainly due to the construction sector (-3.6%). Manufacturing (-0.6%) and agriculture, forestry, fishing and hunting (-3.0%) were also down. In contrast, utilities (+3.0%) and mining, quarrying, and oil and gas extraction (+1.7%) posted increases.
The drop in manufacturing real GDP in July stems from a decline in 9 of its 19 subsectors, including machinery manufacturing (-5.4%), non-metallic mineral product manufacturing (-9.1%) and food manufacturing (-3.0%).
Service production down 0.3%
Service industries were down 0.3% in July after decreasing 0.2% in June. The decline in July was mostly on account of wholesale trade (-4.1%). On the other hand, professional, scientific and technical services (+0.8%) and public administration (+0.6%) registered significant gains.
Cumulative total for the first seven months of 2022: Québec’s real GDP up 3.8%
For the first seven months of 2022, Québec’s real GDP was 3.8% higher than in the same months of 2021. The sectors that contributed the most to this increase are manufacturing (+4.3%), accommodation and food services (+33.3%), transportation and warehousing (+13.2%), professional, scientific and technical services (+5.7%), educational services (+5.9%), and retail trade (+4.8%).
Change in real GDP by industry in Québec
Source: Institut de la statistique du Québec, Direction des statistiques économiques.
Cumulative real GDP growth1 in Québec
1. GDP growth for the period from January to the reference month compared to the same period in the previous year. The blue bar in December represents cumulative growth for the year that is ending.
Source: Institut de la statistique du Québec, Direction des statistiques économiques.
Canada’s real GDP at basic prices up in July 2022
According to data published by Statistics Canada on September 29, 2022, Canada’s real GDP at basic prices was up 0.1% in July 2022 from the previous month. Goods-producing industries rose by 0.5%, while service-producing industries were down 0.1%.
Real gross domestic product by industry1
|
|||||
| 2021 | 2022 | ||||
| Annual change | Monthly change | Cumulative change2 | |||
| June | July | ||||
| Québec | 5.6 | -0.4 | -0,5 | 3.8 | |
| Canada | 4.9 | 0.1 | 0.1 | 4.4 | |
|
1. Gross domestic product levels by industry are valued at basic prices in chained dollars (2012), seasonally adjusted and annualized. |
|||||
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.