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Canada GDP grew 0.1% mom in Aug, three month grow slowed to 0.5%

Canada GDP rose 0.1% mom in August, below expectations of 0.2% mom. Goods-producing industries were up 0.2% after two months of declines, led by a rebound in manufacturing, while services-producing industries edged up 0.1%. Overall, there were gains in 14 out of 20 industrial sectors. On a three-month rolling average basis, real gross domestic product rose 0.5% in August, compared with a 0.8% increase in July.

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