Canadian industries operated at 79.2% of their production capacity in the fourth quarter of 2020, the highest since the first quarter of 2020, following an upwardly revised 77.4% in the previous period and above market expectations of 78%. Capacity grew the most in the mining, quarrying, and oil and gas extraction sectors (74.7% vs 70.9% in Q3) and in the construction sector (88.7% vs 87.2%) followed by the manufacturing sector (76.2% vs 75.3%). Still, the capacity utilization rate in most industries remained below pre-pandemic levels. Given the recovery of the oil and gas extraction sub-sector and the early signals from the manufacturing sector, the capacity utilization rate may grow further in the first quarter of 2021. source: Statistics Canada
Capacity Utilization in Canada averaged 82.75 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 71.40 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 May of 2021.
Capacity Utilization in Canada is expected to be 80.00 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 84.00 in 12 months time. In the long-term, the Canada Capacity Utilization is projected to trend around 83.50 percent in 2022, according to our econometric models.