Truck News

News

INDUSTRY PULSE: Construction activity declines for a third consecutive month

OTTAWA, Ont. Truckers in construction may be in for a leaner winter this year.


OTTAWA, Ont. Truckers in construction may be in for a leaner winter this year.

Construction activity receded 0.8% in August, according to the latest monthly report on GDP released by Statistics Canada this morning. It marked the third consecutive monthly GDP decline for the construction sector.

Much of the weakness was in residential construction with a 3.2% drop, representing a third consecutive monthly decline. Housing starts fell substantially with most of the decline in multi-units residential buildings in all urban areas. Housing sales surged significantly in most major metropolitan areas in August, pushing up the output of real estate agents and brokers by 3.2% and that of lawyers, accountants and bookkeepers by 1.2%.

Engineering, repairs and other construction activities rose 0.7%. Non-residential building construction declined 0.1% with decreasing activity on institutional and industrial buildings, but commercial building edged up.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*