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The Daily Tuesday, February 28, 2023

Press Release

Gross domestic product, income and expenditure, fourth quarter 2022

Real gross domestic product was nearly unchanged in the fourth quarter, following five consecutive quarterly increases. Slower inventory accumulations along with declines in business investment in machinery and equipment and housing offset higher household and government spending and improved net trade.

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Gross domestic product by industry, December 2022

Real gross domestic product edged down 0.1% in December as goods-producing industries declined, while services-producing industries were essentially unchanged.

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Non-residential capital and repair expenditures, 2021 (revised), 2022 (preliminary) and 2023 (intentions)

Businesses and governments are expected to invest $319.9 billion in non-residential construction and machinery and equipment in 2023, a 4.3% increase from 2022.

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Farm cash receipts, January to December, 2022

Farm cash receipts totalled $94.9 billion in 2022, up 14.1% (+$11.7 billion) compared with 2021.

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Livestock estimates, January 1, 2023

On January 1, 2023, compared with the same date one year earlier, Canadian cattle and hog inventories were down, while sheep inventories were up.

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Retail Commodity Survey, December 2022

Retail sales reached $65.3 billion in December, an increase of 7.0% compared with the same month in 2021. Higher sales were reported in 15 of the 19 commodity classes.

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