Canadian industries operated at 81.7 percent of their production capacity in the first quarter of 2021, following an upwardly revised 79.7 percent in the previous period and beating market expectations of 80.6 percent. It was the highest utilisation rate of existing capacity in the Canadian economy since the fourth quarter of 2019. Main upward pressure came from the construction sector, which operated at its highest level since the third quarter of 1990 (92.4 percent vs 88.8 percent in 4Q 2020); and the mining, quarrying, oil & gas extraction sector (79.3 percent vs 75.5 percent). Given the recovery of the oil and gas extraction sub-sector and the upward trend observed in preliminary indicators of the construction sector, the capacity utilization rate may grow further in the second quarter of 2021. source: Statistics Canada
Capacity Utilization in Canada averaged 82.75 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 July of 2021.
Capacity Utilization in Canada is expected to be 82.00 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 83.00 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.