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Transportation and warehousing growth outpacing economy

OTTAWA, Ont. -- Growth in the transportation and warehousing sector surged considerably ahead of the national avera...


OTTAWA, Ont. — Growth in the transportation and warehousing sector surged considerably ahead of the national average in May, the latest analysis of gross domestic product reveals.

Gross domestic product for the Canadian economy overall expanded 0.3% in May, following a slight advance of 0.1% in April, figures published by Statistics Canada this morning indicate. Transportation and warehousing GDP, however, surged ahead by 1.1%, marking the third straight month in which it has outperformed the overall Canadian economy GDP growth.

Transportation and warehousing GDP grew by 0.6%in April compared to 0.1% for the overall economy and 1.2% in March compared to 0.9% for the overall economy.

Looking at the period spanning from May 2003 to May 2004, the transportation and warehousing GDP has grown by 5.1% compared to 3.2% for the economy overall.


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