Canadian GDP up 0.1% in January, most likely up 0.2% in February

OTTAWA, March 31 (Reuters) - The Canadian economy grew by 0.1% in January as gains in mining, quarrying, and oil and gas extraction more than offset a contraction in manufacturing, Statistics Canada said on Tuesday.

February GDP was most likely up 0.2%, the agency said in a flash estimate.

The goods-producing sector expanded by 0.2% in January, while the services-producing sector was flat.

(Changes in percent)

Jan Dec(rev) Dec(prev) Jan yr/yr

All industries +0.1 +0.2 +0.2 +0.6

Goods +0.2 +0.2 +0.2 -0.5

Services 0.0 +0.3 +0.2 +1.1

NOTE - All figures are seasonally adjusted. Analysts in a Reuters survey had forecast January GDP to be unchanged.

(Reporting by Dale Smith; Editing by Promit Mukherjee)

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Keywords: CANADA ECONOMY/GDP