OTTAWA, Nov 28 (Reuters) – Canada’s economy expanded by 2.6% on an annualized basis in the third quarter, exceeding analysts’ expectations, as exports outpaced imports and capital investment was driven by government spending, Statistics Canada data showed on Friday.

September’s GDP grew 0.2% compared to August, in line with analysts’ expectations, while October GDP was likely to decrease by 0.3%, StatsCan said in a flash estimate.

Following are seasonally adjusted figures for gross domestic product, in percent. With the exception of the price index data, they are adjusted for inflation.

Q3 Q2 Q1

Annualized change +2.6 -1.8 +2.2

Change from previous quarter +0.6 -0.5 +0.5

Quarterly change in GDP

implicit price index +0.8 +0.1 +0.9

NOTE: The median forecast of analysts in a Reuters poll was for a 0.5% annualized increase in the third quarter and for September GDP to be up 0.2%.

(Reporting by Dale Smith; editing by Promit Mukherjee) (([email protected]))

Keywords: CANADA ECONOMY/GDP