Canadian industries operated at 70.3 percent of their production capacity in the second quarter of 2020, down from 79.8 percent in the previous period but slightly above market expectations of 70.2 percent. This was the lowest rate since the first quarter of 1987, due to a slowdown in most sectors following coronavirus lockdown restrictions. The manufacturing sector led the decline (-17.1 pp to 63.3%, the lowest rate on record), as the 21 major manufacturing industries dropped, namely transportation equipment makers. Capacity utilization in the construction sector fell sharply, down 10.6 pp to 80.2%, the largest quarterly decrease observed since series began, on the back of a general decline in activities across all industry subsectors. Also, mining and quarrying capacity utilization went down 14.5 pp to 56.3%, the lowest level observed since Q3 2009; and in oil and gas extraction fell for a second straight quarter, to 74%.
Capacity Utilization in Canada averaged 82.78 percent from 1987 until 2020, reaching an all time high of 87.30 percent in the first quarter of 1988 and a record low of 70.30 percent in the second quarter of 2020. 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 September of 2020. source: Statistics Canada
Capacity Utilization in Canada is expected to be 71.00 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 78.00 in 12 months time. In the long-term, the Canada Capacity Utilization is projected to trend around 80.70 percent in 2021 and 82.50 percent in 2022, according to our econometric models.