Canada's economy up 0.5% in April, most likely up 0.1% in May

OTTAWA, June 30 (Reuters) - The Canadian economy grew by 0.5% in April, on a rebound in the mining, quarrying, and oil and gas extraction sector, Statistics Canada said on Tuesday. May GDP was most likely up 0.1%, the agency said in a flash estimate. The goods-producing sector was up by 1.2% in April, while the services-producing sector increased by 0.3%.

(Changes in percent) Apr Mar(rev) Mar(prev) Apr yr/yr All industries +0.5 -0.1 -0.1 +1.1 Goods +1.2 -0.7 -0.8 +0.6 Services +0.3 +0.1 +0.1 +1.3

NOTE - All figures are seasonally adjusted. Analysts in a Reuters survey had forecast April GDP to be up 0.4%. (Reporting by Dale Smith; Editing by Promit Mukherjee) ((promit.mukherjee@tr.com))

Keywords: CANADA ECONOMY/GDP