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CA industrial capacity utilization rates, first quarter 2024
Canadian industries operated at 78.5% of their production capacity in the first quarter, which was little changed from the rate in the fourth quarter of 2023. The capacity utilization rate in the manufacturing sector edged down 0.1 percentage points from the fourth quarter of 2023 to 76.8% in the first quarter of 2024. The decline was driven by a slowdown in wood product manufacturing (-3.0 percentage points) and non-metallic mineral product manufacturing (-4.5 percentage points). Following two quarterly increases, capacity utilization in mining, quarrying, and oil and gas extraction fell 0.7 percentage points from ... (full story)