Canadian industries operated at 81.9% of their production capacity in the first quarter of 2023, slightly higher than the upwardly revised 81.8% in the prior period, but below market forecasts of 82.2%, largely attributed to an uptick in the manufacturing capacity utilization rate (78.1% vs 77.1% in Q4). Capacity utilization increased in 13 of the 21 major manufacturing industry groups, representing approximately 75% of the gross domestic product in the manufacturing sector, notably the manufacture of transportation equipment (80.7% vs 77%), petroleum and coal products (86.8% vs 83.8%) and fabricated metal products (78.3% vs 76.3%). Meanwhile, capacity utilization fell in the mining, quarrying, and oil and gas extraction sector (79.5% from 80.4%) and construction (90.2% vs 90.5%). source: Statistics Canada

Capacity Utilization in Canada averaged 82.61 percent from 1987 until 2023, reaching an all time high of 87.30 percent in the first quarter of 1988 and a record low of 71.20 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 August of 2023.

Capacity Utilization in Canada is expected to be 82.30 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 83.00 percent in 2024 and 85.00 percent in 2025, according to our econometric models.

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Canada Capacity Utilization



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-03-10 01:30 PM Q4 81.7% 82.2% 82.3%
2023-06-09 12:30 PM Q1 81.9% 81.8% 82.2% 81.5%
2023-09-08 12:30 PM Q2 81.9% 82.3%


Related Last Previous Unit Reference
Industrial Production Mom -0.05 0.39 percent May 2023
Industrial Production 0.85 0.88 percent May 2023
Manufacturing Production 1.88 -0.65 percent May 2023
Capacity Utilization 81.90 81.80 percent Mar 2023
New Orders 71682744.00 70836098.00 CAD Thousand Jun 2023
Changes in Inventories 12607.00 24264.00 CAD Million Mar 2023
Bankruptcies 287.00 283.00 Companies Jun 2023
Corporate Profits 163780.00 167053.00 CAD Million Jun 2023
Car Registrations 165418.00 165568.00 Units Jun 2023
Leading Economic Index 0.40 -0.10 percent Aug 2021
Manufacturing Sales 0.70 -1.70 percent Jul 2023
Wholesale Sales 1.40 -2.80 percent Jul 2023
Mining Production -0.81 2.37 percent May 2023

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
81.90 81.80 87.30 71.20 1987 - 2023 percent Quarterly
NSA

News Stream
Canada Capacity Utilization Rate Below Forecasts
Canadian industries operated at 81.9% of their production capacity in the first quarter of 2023, slightly higher than the upwardly revised 81.8% in the prior period, but below market forecasts of 82.2%, largely attributed to an uptick in the manufacturing capacity utilization rate (78.1% vs 77.1% in Q4). Capacity utilization increased in 13 of the 21 major manufacturing industry groups, representing approximately 75% of the gross domestic product in the manufacturing sector, notably the manufacture of transportation equipment (80.7% vs 77%), petroleum and coal products (86.8% vs 83.8%) and fabricated metal products (78.3% vs 76.3%). Meanwhile, capacity utilization fell in the mining, quarrying, and oil and gas extraction sector (79.5% from 80.4%) and construction (90.2% vs 90.5%).
2023-06-09
Canada Q3 Capacity Utilization Rate Falls Less than Expected
Canadian industries operated at 82.6% of their production capacity in the third quarter of 2022, down slightly from a downwardly revised 82.8% in the previous quarter and compared with market expectations of 82.2%. This is the first decrease in the capacity utilization rate since the third quarter of 2021, led by the manufacturing sector (76.6% vs 78.2% in Q2), which posted the first drop since the third quarter of 2021 amid declines in 14 of the 21 major manufacturing industries. Meanwhile, capacity utilization in the mining, quarrying, and oil and gas extraction sector rose to 82.3% from 81.4% in the second quarter, the highest rate since the second quarter of 2019. Also, it edged up in the construction sector to 91.7% from 91.6%.
2022-12-09
Canada Capacity Utilization Rate Hits Highest Since 2018
Canadian industries operated at 83.8 percent of their production capacity in the second quarter of 2022, above a revised 81.9 percent in the previous quarter. It was the highest capacity utilization rate since the second quarter of 2018, with gains in the mining, quarrying, and oil and gas extraction and manufacturing sectors more than offsetting the losses in construction and other sectors.
2022-09-09