Gross domestic product by industry, July 2025
Released: 2025-09-26
July 2025
0.2% 
(monthly change)
Real gross domestic product (GDP) grew 0.2% in July, after edging down (-0.1%) in June. The first increase in four months was predominantly driven by expansion in the goods-producing industries.
Goods-producing industries rebounded with a 0.6% increase in July, following three consecutive months of contraction, as all sectors in this grouping expanded. Services-producing industries edged up 0.1% in July, with increases in wholesale trade and real estate and rental and leasing tempered by a decline in retail trade. Overall, 11 of 20 industrial sectors expanded in July.
Chart 1
Real gross domestic product expands for the first time in four months in July
Mining, quarrying, and oil and gas extraction sector lead the growth in July
The mining, quarrying, and oil and gas extraction sector expanded 1.4% in July, driven by broad-based expansions across all subsectors.
Chart 2
Mining, quarrying, and oil and gas extraction sector expands in July
Mining and quarrying (except oil and gas) rose 2.6% in July, following back-to-back declines, with metal ore mining (+2.6%) leading the growth.
The oil and gas extraction subsector grew 0.9% in July, on continued strength in oil sands extraction. Oil sands extraction expanded 1.2%, as oil extraction facilities continued to ramp up production of synthetic crude oil and crude bitumen extraction, following the completion of retooling and maintenance activities that took place throughout April and May. Oil and gas extraction (except oil sands) rose 0.6%, reflecting increased extractions of natural gas and crude petroleum in July.
Transportation and warehousing expands
Transportation and warehousing rose 0.6% in July, following a 0.7% drop in June.
Pipeline transportation (+2.8%) drove the increase, marking its largest growth since September 2022. Expansions in crude oil and other pipeline transportation (+3.3%) as well as pipeline transportation of natural gas (+2.3%) drove the growth in July, coinciding with increased exports of crude oil, bitumen and natural gas.
Support activities for transportation rose 1.0% in July. This was the largest growth rate for the subsector since April 2024, reflecting in part the higher activity at the LNG Canada facility in Kitimat, which completed its first full month of operations in July. Rail transportation (+1.1%) further contributed to the increase in July, partially recouping the decline recorded in the preceding month.
Manufacturing sector up in July, led by increases in most subsectors
The manufacturing sector rose 0.7% in July, partially offsetting a 1.5% contraction in June, driven by increases in both durable and non-durable manufacturing industries.
Durable-goods manufacturing industries grew 1.0% in July. Transportation equipment manufacturing (+3.2%) led the growth, driven by expansions in motor vehicle parts (+10.5%) and motor vehicle (+9.1%) manufacturing, coinciding with higher exports of motor vehicles and parts. July typically sees planned temporary shutdowns at motor vehicle assembly plants in Ontario. However, the impact of these seasonal closures was less pronounced this year due to the continued production slowdown, influenced by factors such as the new tariffs imposed by the United States. Primary metal manufacturing (-5.5%) tempered some of the growth; iron and steel mills and ferro-alloy manufacturing (-19.1%) recorded its steepest decline since April 2020, coinciding with lower exports of steel products, as the US tariffs on Canadian steel imports doubled to 50% at the beginning of June.
Non-durable goods manufacturing rose 0.4% in July. Chemical manufacturing (+4.8%) contributed the most to the increase, as pharmaceutical and medicine manufacturing expanded 12.6% in the month, offsetting most of the decline recorded in June.
Wholesale trade up in July
The wholesale trade sector increased by 0.6% in July, up for the third consecutive month. Motor vehicle and parts wholesalers (+5.4%) led the growth in July, in parallel with increased production and exports of motor vehicles and parts. Building material and supplies wholesalers grew 2.5%, in large part on the strengths of lumber and millwork, coinciding with higher exports and imports of lumber and other sawmills products in the month.
Real estate and rental and leasing posts a new record high for the second consecutive month
Real estate and rental and leasing (+0.3% in July) grew for the fourth consecutive month. Growth in July was driven in large part by higher activity at the offices of real estate agents and brokers and activities related to real estate (+3.6%). The fourth consecutive monthly increase in the industry group reflected rising home resales across the country, particularly in large markets in Ontario and British Columbia. Legal services, which derives much of its operations from real estate transactions, rose 0.5% in July.
Chart 3
Real estate and rental and leasing sector grows for the fourth month in a row in July
Retail trade down in July on widespread contractions
A decline in the retail trade sector (-1.0%) tempered the growth in the overall economy in July and partially offset the increase recorded in June.
After leading the growth in June, food and beverage stores (-2.0%) was one of the largest contributors to the decrease in July, driven in large part by weaker retailing activity in supermarkets and other grocery retailers. Clothing and clothing accessories stores (-3.4%), sporting goods, hobby, book and music stores (-8.2%) and building material and garden equipment and supplies dealers (-1.5%) further contributed to the decline in the sector, following increases in June. Meanwhile, an increase in non-store retailers (+2.4%) tempered the decline in the overall sector in July.
Chart 4
Main industrial sectors' contribution to the percent change in gross domestic product in July
Advance estimate for real gross domestic product by industry for August 2025
Advance information indicates that real GDP was essentially unchanged in August. Increases in wholesale trade and retail trade were offset by decreases in mining, quarrying, and oil and gas extraction, manufacturing, and transportation and warehousing. Owing to its preliminary nature, this estimate will be updated on October 31, 2025, with the release of the official GDP by industry data for August.
Focus on Canada and the United States
Spotlight on iron and steel mills and ferro-alloy manufacturing and steel product manufacturing from purchased steel
In 2023, the most recent year covered by the value added in exports database, 43% of the output of the steel product manufacturing from purchased steel industry group was attributable to direct exports to the United States, underlying its reliance on the US market. Similarly, 36% of the output of the iron and steel mills and ferro-alloy manufacturing industry group was attributable to direct exports to the United States.
In July 2025, the most recent month for which value-added by industry estimates are available, activity in iron and steel mills and ferro-alloy manufacturing was 24.8% below February's level, before the introduction of the 25% tariff on US imports of steel on March 12, 2025. The industry group posted five monthly declines since the beginning of 2025, with activity contracting the most in July (-19.1%), following the doubling of the tariff rate to 50% on June 4. Activity in steel product manufacturing from purchased steel (-2.9%) also contracted in July but was 6.4% above February's level.
Exports of unwrought iron, steel and ferro-alloys declined since April, with the export volume for the commodity in July 25.5% below its February level. Similarly, the export volume of basic and semi-finished iron or steel products in July was 34.4% below its February level.
Based on the Survey of Employment, Payrolls and Hours, employment in the iron and steel mills and ferro-alloy manufacturing industry group in July was little changed from the February level, while employment in the steel product manufacturing from purchased steel industry group was 2.5% below the February level.
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Sustainable development goals
On January 1, 2016, the world officially began implementing the 2030 Agenda for Sustainable Development—the United Nations' transformative plan of action that addresses urgent global challenges over the following 15 years. The plan is based on 17 specific sustainable development goals.
The release on gross domestic product by industry is an example of how Statistics Canada supports monitoring the progress of global sustainable development goals. This release will be used to help measure the following goal:
Note to readers
Introduction of the North American Industry Classification System 2022 in the monthly gross domestic product by industry estimates
On November 28, 2025, the monthly gross domestic product (GDP) by industry estimates will be released on a new industry classification basis. The changes are mainly related to the incorporation of the North American Industry Classification System (NAICS) 2022, the reclassification of financial sector industries to improve alignment with sectoral accounts, the aggregation of relatively smaller industries, and the introduction of greater detail in industries where it was deemed analytically or statistically useful.
A detailed view of these changes and relevant concordance files will be available on October 31 with the release of the GDP by industry estimates for August 2025.
General information
Monthly data on GDP by industry at basic prices are chained volume estimates with 2017 as the reference year. This means that the data for each industry and each aggregate are obtained from a chained volume index multiplied by the industry's value added in 2017. The monthly data are benchmarked to annually chained Fisher volume indexes of GDP obtained from the constant-price supply and use tables (SUTs) up to the latest SUT year (2021).
For the period starting in January 2022, data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are the 2021 industry current price estimates.
Statistics Canada also produces expenditure-based GDP estimates at market prices, which are chained quarterly based on a Fisher volume index. Due to conceptual and statistical differences, GDP by industry and GDP by expenditure percent change estimates can diverge slightly.
All data in this release are seasonally adjusted. For information on seasonal adjustment, see Seasonally adjusted data – Frequently asked questions.
An advance estimate of industrial production for August 2025 is available upon request.
For more information on GDP, see the video "What is Gross Domestic Product (GDP)?."
For more information on the impact of tariffs on key economic statistics, please consult: "How tariffs are conceptually reflected in key economic statistics."
Revisions
Each month, newly available administrative and survey data from various industries in the economy are integrated, resulting in statistical revisions. Updated and revised administrative data (including taxation statistics), new information provided by respondents to industry surveys, and standard changes to seasonal adjustment calculations are incorporated with each release.
With this release of monthly GDP by industry, revisions have been made back to January 2024.
To satisfy the opposing goals for both timeliness and accuracy, Statistics Canada regularly updates (revises) its estimates of GDP. For more information about GDP revision cycles, please consult the "Revisions to Canada's GDP" article in the Latest Developments in the Canadian Economic Accounts (13-605-X).
Real-time table
Real-time table 36-10-0491-01 will be updated on October 6.
Next release
Data on real GDP by industry for August will be released on October 31, including an advance estimate for the September reference month.
Products
The User Guide: Canadian System of Macroeconomic Accounts (13-606-G) is available.
The Methodological Guide: Canadian System of Macroeconomic Accounts (13-607-X) is also available.
The Economic accounts statistics portal, accessible from the Subjects module of the Statistics Canada website, features an up-to-date portrait of national and provincial economies and their structure.
Contact information
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