Canadian industries operated at 82 percent of their production capacity in the second quarter of 2021, up from a downwardly revised 81.4 percent in the first quarter and beating market expectations of 81.2 percent. This marks the fourth consecutive increase and highest capacity utilization reading of the Canadian economy since the last quarter of 2019 following the sharp decline caused by plant closures and the various restrictions related to the COVID-19 pandemic. Upward pressure came from construction (93.3 percent vs 92.2 percent in Q1), manufacturing (77 percent vs 76.1 percent) and electric power generation (84 percent vs 81.9 percent). The growth in these sectors was enough to offset losses in mining, quarrying and oil and gas extraction (78.5 percent vs 79 percent) and forestry and logging (89.1 percent vs 89.2 percent). source: Statistics Canada
Capacity Utilization in Canada averaged 82.74 percent from 1987 until 2021, reaching an all time high of 87.30 percent in the first quarter of 1988 and a record low of 71.90 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 October of 2021.
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. In the long-term, the Canada Capacity Utilization is projected to trend around 84.50 percent in 2022, according to our econometric models.