Canadian industries operated at 81.2 percent of their production capacity in the last quarter of 2019, down from a downwardly revised 81.5 percent in the previous period but above market expectations of 80.7 percent. This was the fifth decrease in six quarters, mainly due to declines in mining and quarrying (-3.2pp to 68.2%), in particular, potash mining amid disruptions in the rail transportation of merchandise and by low international ore demand; and in the manufacturing sector (-1.4pp to 77.7%, its lowest since Q4 2010), of which chemicals (-7.9pp to 73.6%) and machinery (-4.6pp to 74.8%). Considering 2019 as a whole, Canadian industries operated at 81.7 percent of their production capacity, down from 83 percent in 2018.
Capacity Utilization in Canada averaged 82.89 percent from 1987 until 2019, reaching an all time high of 87.30 percent in the first quarter of 1988 and a record low of 72.70 percent in the second quarter of 2009. This page provides the latest reported value for - Canada Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Capacity Utilization - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Canada
Capacity Utilization in Canada is expected to be 82.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in Canada to stand at 82.50 in 12 months time. In the long-term, the Canada Capacity Utilization is projected to trend around 83.00 percent in 2021, according to our econometric models.