Canada's economy didn't grow in February, rebounding only slightly from a 0.2% decline in January.
Statistics Canada reported Thursday that the service sector increased by a small amount, but that was more than offset by a contraction in goods-producing industries.
The data agency also revised its numbers to show that January's results were a worse showing than previously thought. Initially, Statistics Canada said the economy contracted by 0.1% during the month. Thursday's release updated that to a 0.2% decline.
Two of Canada's most closely watched sectors— manufacturing and energy — both shrank during the month. Manufacturing has now contracted for two straight months.
A colder-than-normal February helped make utilities a source of strength, as activity in that sector grew by 2.3% for the month after increasing 1.7% in January. The retail sector also expanded.
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