Canadian industries operated at 76.5% of their production capacity in the third quarter of 2020, up from record low of 70.7% in the previous period but below market expectations of 77.5%. Increases in the manufacturing (+11.8% to 75.3%) and construction (+7.2% to 87.2%) sectors led capacity gains. After being forced to slow or suspend their activities in the second quarter, most Canadian industries saw gradual recovery of their activities after public health measures were eased. Nevertheless, the capacity utilization rate of most industries remained below pre-pandemic levels. Given the recently implemented public health measures, a slowdown in industrial capacity utilization may occur in the fourth quarter. source: Statistics Canada
Capacity Utilization in Canada averaged 82.76 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 70.70 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 February of 2021.
Capacity Utilization in Canada is expected to be 77.00 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 80.40 in 12 months time. In the long-term, the Canada Capacity Utilization is projected to trend around 80.70 percent in 2021 and 83.50 percent in 2022, according to our econometric models.