Infoline Highlights for the Week of July 27-31

Gross Domestic Product - Canadian real GDP by industry at basic prices rose 4.5% in May, following two consecutive months of declines as provinces and territories started to ease of COVID-19 restrictions and allow sectors of their economies to reopen. Real GDP in goods-producing industries increased 8.0%.
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Industrial Product Price Index - Canadian manufacturers’ prices were 3.1% lower this June than in the same month of 2019. A 29.7% year-over-year decline in the price of energy and petroleum products was the largest contributor to the overall decrease, and price drops for chemical (-4.5%) and pulp and paper (-1.5%) products also exerted downward pressure.
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Building Permits - The value of building permits issued by B.C. municipalities surged 35.3% (seasonally adjusted) in June, reaching pre-COVID 19 levels. The boost reflects a 20.4% surge in residential permits in June, due to large projects such as the Oakridge Centre redevelopment project in Vancouver, coupled with a 93.3% jump in the value of permits in the non-residential sector.
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CFIB Business Barometer Index -The Canadian Federation of Independent Business (CFIB) uses results from a survey of its members to create the Business Barometer Index, which measures small business performance expectations for the next twelve months. According to CFIB, an index above 50 signifies that owners that expect their business to perform better in the next year outnumber those that expect a weaker performance.
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Average Weekly Earnings - Average weekly earnings of payroll employees in British Columbia (seasonally adjusted, current dollars) went up in May (+1.6%) compared to the previous month, to reach $1,123.79. Compared to May 2019, average weekly earnings in British Columbia increased by 12.2%, the highest gain in dollar terms among provinces.
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Current Surveys

• BC Hydro Workforce Profile Survey
• BC Public Service Exit Survey
• BC Public Service New Job Survey
• BC Student Outcomes Survey of Diploma, Associate Degree and Certificate Students
• Workforce Development Agreement Outcomes
• Workforce Development Agreement Employer Outcomes
  

You can read more about any of these by visiting our Current Surveys page.