Home Breadcrumb caret News Breadcrumb caret Industry Output from insurance carriers drops in August: StatsCan A decline in output from insurance carriers contributed to the overall drop in gross domestic product in August, Statistics Canada revealed Oct. 31. “After increasing for four consecutive months, the finance and insurance sector fell 0.3% in August, led by decreased output of security brokerages (from reduced volume of trading on the stock exchanges) and […] By Canadian Underwriter, | October 31, 2012 | Last updated on October 30, 2024 1 min read Plus Icon Image A decline in output from insurance carriers contributed to the overall drop in gross domestic product in August, Statistics Canada revealed Oct. 31. “After increasing for four consecutive months, the finance and insurance sector fell 0.3% in August, led by decreased output of security brokerages (from reduced volume of trading on the stock exchanges) and declines in insurance carriers,” according to The Daily, published by StatsCan. The Oct. 31 Daily included GDP data, broken down by industry, for August. In a table accompanying the figures, StatsCan reported August GDP for finance, insurance and real estate, in chained 2002 dollars, was up 1.9% from August of 2011. For all industries, the GDP dropped 0.1% in August from July, while it increased 1.2% year-over-year. StatsCan did not break out the property and casualty insurance industry specifically. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
