Canadian industries operated at 81.7 percent of their production capacity in the third quarter of 2019, down from an unrevised 83.3 percent in the previous period and below market expectations of 82.1 percent. The capacity utilization dropped mostly in mining, quarrying and oil and gas extraction industry (-3.5pp to 78.4%); manufacturing (-1.8pp to 78.3%, its lowest since Q1 2017); electric power generation, transmission and distribution (-0.2pp to 84.1%), and forestry and logging (-3.2pp to 75.4%). Meanwhile, capacity utilization in the construction sector rose 1.7 percentage points to 91.2%, reaching its highest level since in 12 years.
Capacity Utilization in Canada averaged 82.91 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. source: Statistics Canada
Capacity Utilization in Canada is expected to be 82.50 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 83.20 in 12 months time. In the long-term, the Canada Capacity Utilization is projected to trend around 83.00 percent in 2020, according to our econometric models.