Gross domestic product by industry, May 2026
Released: 2026-07-31
May 2026
0.3% 
(monthly change)
Real gross domestic product (GDP) grew 0.3% in May, rising for a second consecutive month, as both goods-producing and services-producing industries expanded in the month. Overall, 13 of 20 industrial sectors contributed to the growth.
Chart 1
Real gross domestic product increases in May
Goods-producing industries expanded 0.6%, as most sectors comprising the aggregate rose in May. Services-producing industries rose 0.2%, driven in large part by increases in real estate and rental and leasing and public administration.
The mining, quarrying, and oil and gas extraction sector continues to lead economic growth for the second straight month
The mining, quarrying, and oil and gas extraction sector expanded 1.0% in May, with two of its three subsectors growing for the second consecutive month.
Chart 2
Mining, quarrying, and oil and gas extraction sector leads the growth in May
Support activities for mining, and oil and gas extraction rose 7.3% in May, recording the seventh consecutive monthly expansion and the largest since March 2024. Support activities for oil and gas extraction (+9.8%) drove the increase within the subsector in May.
The oil and gas extraction subsector rose 0.7% in May, due to higher oil sands extraction. The oil sands extraction industry (+1.6%) continued to grow, up for a second month in a row, led by higher crude bitumen extraction in Alberta. The extraction activity was relatively elevated for the month of May, given that some of the maintenance work that typically happens in the spring was either completed earlier in the year or deferred.
The mining and quarrying (except oil and gas) subsector tempered the sector's overall growth with a 0.7% contraction in May as lower coal mining and non-metallic mineral mining and quarrying more than offset higher metal ore mining.
Public sector continues to expand
The public sector aggregate (comprising educational services, health care and social assistance, and public administration) expanded 0.3% in May, with expansions across all comprising sectors.
Chart 3
Federal government public administration expands in May
Public administration rose 0.6% in May, reflecting increases across all levels of government. Provincial and territorial public administration (+0.9%) and federal government public administration (except defence) (+0.9%) led the growth in the month. The increase in federal government public administration (except defence) coincided with increased activity associated with the 2026 Census.
Construction expands for a second consecutive month
Construction increased 0.8% in May, as all subsectors expanded. Engineering and other construction activities (+1.1%) and residential building construction (+1.1%) contributed the most to the increase. Apartment buildings drove the increase in residential building construction.
Real estate and rental and leasing up for the fourth consecutive month
Real estate and rental and leasing expanded 0.4% in May, on widespread increases across all comprising subsectors. Offices of real estate agents and brokers and activities related to real estate (+5.1%) led the growth for the second consecutive month. This was the subsector's largest monthly increase since October 2024 and reflected a rise in national home resale activity, particularly in Ontario and British Columbia.
Manufacturing sector grows for the second straight month
The manufacturing sector grew 0.3% in May, driven by increases in the majority of subsectors.
Non-durable goods manufacturing industries expanded 1.0% in May, up for the fourth consecutive month. Following three consecutive monthly declines, a rebound in chemical manufacturing (+5.9%) contributed the most to May's growth, largely driven by a 9.4% increase in pharmaceutical and medicine manufacturing, coinciding with increased exports of pharmaceutical and medicinal products.
Durable goods manufacturing industries contracted 0.2% in May, driven in large part by declines in machinery manufacturing (-2.2%), miscellaneous manufacturing (-7.5%) and electrical equipment, appliance and component manufacturing (-4.0%). Increases in fabricated metal product manufacturing (+2.5%) and motor vehicle manufacturing (+4.7%) helped to temper the decline in the aggregate.
Finance and insurance grows on higher financial market activity in May
Finance and insurance increased for the second consecutive month, rising 0.3% in May. Other finance and insurance (+0.4%) as well as banking, monetary authorities and other depository credit intermediation (+0.2%) were the largest contributors to the growth, reflecting heightened activities in the equity and bond markets amid the uncertainty associated with the conflict in the Persian Gulf.
Transportation and warehousing up largely on strength in pipeline transportation in May
Transportation and warehousing increased 0.3% in May, rising for the second consecutive month.
Pipeline transportation (+2.7%) led the increase in the sector as a 3.8% increase in the pipeline transportation of natural gas coincided with higher exports of the product. Crude oil and other pipeline transportation (+1.5%) further added to the growth.
Rail transportation steamed along with 0.7% growth in May. This was the second consecutive monthly increase for the subsector. Movement of grain and wheat carloadings as well as intermodal carloadings drove the increase in the month.
Chart 4
Main industrial sectors' contribution to the percent change in gross domestic product in May
Advance estimate for real gross domestic product by industry for June 2026
Advance information indicates that real GDP increased 0.2% in June. Increases in wholesale, finance and insurance, and retail trade were partially offset by decreases in utilities and agriculture, forestry, fishing and hunting. Owing to its preliminary nature, this estimate will be updated on August 28, 2026, with the release of the official GDP by industry data for June.
With this advance estimate for June, information on real GDP by industry suggests that the economy expanded 0.8% in the second quarter of 2026. The official estimate for the second quarter will be available on August 28, 2026, when the official estimate of real GDP by income and expenditure is released.
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
General information
Monthly data on gross domestic product (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 SUTs year (2022).
For the period starting in January 2023, data are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are 2022 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 Seasonal adjustment: Concepts and interpretation, 2026.
An advance estimate of industrial production for June 2026 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 2025.
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 August 17, 2026.
Next release
Data on real GDP by industry for June 2026 will be released on August 28, including an advance estimate for the July 2026 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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