The Québec City metropolitan region recorded real GDP of $34.9 billion in the third quarter of 2015, up 1.7% from the same period in 2014. In step with other major Canadian CMAs, the region maintained its pace of growth. Thanks to this performance, Québec City has an annualized growth rate of 1.9% for the first nine months of 2015, ranking third out of eight CMAs.
In 2015, the regional manufacturing sector continued its recovery, which began in 2014, posting a 4.1% increase in the first nine months of the year. Further opportunities for new contracts and market development took shape among manufacturers, thanks in particular to the US economic recovery and the sagging Canadian dollar. Meanwhile, the construction sector marked a return to growth with an annualized increase of 2.4% in the first nine months of 2015. The completion of various major residential, non-residential, commercial and road projects provided a shot in the arm for the construction sector and helped to dim memories of the less-than-stellar performances in 2013 and 2014. The services sector notched an annualized gain of 1% after nine months. A boost in output was also noted in production, consumer and public services. The diversity of this regional economic pillar is supporting nearly 20 years of economic growth.
The results for the first nine months are in line with our forecast that real GDP will grow by 2% in the Québec City CMA in 2015. Thanks to industrial diversification, the region is one of Canada's top performers. It has also shown resilience in grappling with a number of circumstantial constraints. We expect that this dynamic will continue in 2016 with another real GDP increase of 2%.