BCREA Nowcast

BC Monthly Real GDP Estimate for July 2019 (Updated: October 1, 2019)

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July is 2.1 per cent, equaling estimated annual growth in June. That is the slowest estimated growth since May 2015.


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Growth of provincial GDP is a key indicator of economic activity, but provincial GDP data is only available annually and with a considerable delay. That is why we have developed the BCREA Nowcast - a tool for tracking monthly growth in the BC Economy. The Nowcast compiles monthly economic data into one easy to understand number, expressed as the year-over-year growth in the BC economy. There are no adjustments to the model estimate except for those due to revisions to the underlying data.

For more information, please contact:
Brendon Ogmundson
Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793
Email: [email protected]