- Previous quarter: 78.5% revised to 78.6%
details:
- Canadian industries operated at 79.1% of capacity in the second quarter of 2024.
- This represents a slight increase compared to 78.6% in the first quarter of 2024.
- Capacity utilization for the first quarter of 2024 was revised up by 0.1 percentage point.
-
Mining, Quarrying, Oil and Gas Extraction
- The capacity utilization rate rose by 1.6 percentage points to 77.2% in the second quarter.
- Growth is driven by increased activity in oil sands extraction (post-maintenance resumption) and activities supporting mining and oil and gas extraction.
-
building
- Capacity utilization rate fell 0.2 percentage points to 82.4% in the second quarter.
- The decrease is due to a decrease in residential building construction.
-
manufacturing
- Capacity utilization rose by 0.5 percentage points to 77.6% in the second quarter.
- Prices of computer and electronic products (+5.1 percentage points) and wood products manufacturing (+2.9 percentage points) rose.
This article was written by Greg Michalowski on www.forexlive.com.