Canadian industries operated at 81.4 percent of their production capacity in the third quarter of 2021, down from 82 percent in the second quarter and below market expectations of 83 percent. It was the first decrease after four consecutive increases, as capacity utilization declined for construction (90.1 percent vs 94.1 percent in Q2), forestry and logging (80 percent vs 87.1 percent), and manufacturing (75.1 percent vs 77.1 percent), mainly due to transportation equipment (62 percent vs 68.6 percent). A further decline in capacity was limited by higher readings for oil and gas extraction (80.7 percent vs 77.1 percent), and mining and quarrying (84.9 percent vs 80 percent). source: Statistics Canada

Capacity Utilization in Canada averaged 82.73 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 January of 2022.

Capacity Utilization in Canada is expected to be 83.00 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.

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Canada Capacity Utilization


Canada Capacity Utilization
The rates of capacity utilization are measures of the intensity with which industries use their production capacity. Capacity utilization is the percentage of actual to potential output.
Actual Previous Highest Lowest Dates Unit Frequency
81.40 82.00 87.30 71.90 1987 - 2021 percent Quarterly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-09-10 12:30 PM Q2 82% 81.4% 81.2% 80%
2021-12-10 01:30 PM Q3 81.4% 82% 83% 82.3%
2022-03-11 01:30 PM Q4 81.4%


Related Last Previous Unit Reference
Industrial Production 3.89 6.13 percent Sep/21
Industrial Production Mom -0.20 2.20 percent Jul/21
Manufacturing Production -1.30 0.80 percent Sep/21
Capacity Utilization 81.40 82.00 percent Sep/21
New Orders 63408372.00 61126798.00 CAD THO Nov/21
Changes in Inventories -8290.00 8308.00 CAD Million Sep/21
Bankruptcies 179.00 188.00 Companies Nov/21
Corporate Profits 105545.00 100719.00 CAD Million Jun/21
Car Registrations 116636.00 131215.00 Units Nov/21
Leading Economic Index 0.40 -0.10 percent Aug/21
Manufacturing Sales 0.80 2.60 percent Dec/21
Wholesale Sales 0.00 3.50 percent Dec/21
Mining Production 15.50 19.00 percent Sep/21


News Stream
Canadian Capacity Utilization Unexpectedly Drops
Canadian industries operated at 81.4 percent of their production capacity in the third quarter of 2021, down from 82 percent in the second quarter and below market expectations of 83 percent. It was the first decrease after four consecutive increases, as capacity utilization declined for construction (90.1 percent vs 94.1 percent in Q2), forestry and logging (80 percent vs 87.1 percent), and manufacturing (75.1 percent vs 77.1 percent), mainly due to transportation equipment (62 percent vs 68.6 percent). A further decline in capacity was limited by higher readings for oil and gas extraction (80.7 percent vs 77.1 percent), and mining and quarrying (84.9 percent vs 80 percent).
2021-12-10
Canadian Capacity Utilization Rate Above Forecasts
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).
2021-09-10
Canada Capacity Utilization Rate at Pre-Pandemic Levels
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.
2021-06-11