Canada: Real GDP was up 0.5% in May, after increasing 0.1% in April

"Real gross domestic product (GDP) was up 0.5% in May, after increasing 0.1% in April. The rise was widespread as 19 of 20 industrial sectors registered increases," Statistics Canada reported on Tuesday.

Key quotes

• Industries affected by unusual weather conditions in April, including colder-than-normal temperatures across the country and an ice storm across Central and Eastern Canada, mostly had offsetting changes in May.
• The output of goods-producing industries rose 0.6%, led by gains in mining, quarrying, and oil and gas extraction.
• Services-producing industries rose 0.5% as all sectors increased.
• Wholesale trade was up 1.4% in May. 
• The manufacturing sector edged up 0.1% in May, following a 0.8% increase in April when the real inventory-to-sales ratio was the highest since August 2009.