The Canadian economy shrank by 0.2% in May

The Canadian economy continues to shrink for a fifth consecutive month in May, as gross domestic product decreased by 0.2% to 1.64 trillion Canadian dollars. 

Analysts had expected zero change indicator, after falling by 0.1 percent in April.

Over the outcome prevailed the weak performance of oil and gas, wholesale and industrial production. Production of durable consumer goods decreased by 2.4% and non-durable - by 0.7 percent. In general, the industrial production is down by 1.7%.