1Q came in at 83.2%. That is revised lower from 83.3%.
Canadian capacity utilization came in at 85.0% in the second quarter of 2017, up from 83.2% in the previous quarter The index is at the highest level since September 2007.
- The rise reflects the very strong growth in economy-wide production.
- Gain was the second straight quarter where the industrial capacity utilization rate exceeded the historical average of 83.1%.
- Manufacturing capacity rose to 84.2 from 83.5%
- Industrial capacity rose to 85.0% from 83.2%
- The mining, quarrying and oil and gas extraction sector was the main source of the increase.
- Oil and gas rose 3.3% to 84.0%
- Constuction rose to 87.7% from 86.4% due to increased residential construction
- The rate rose in 15 of 21 major manufacturing industries representing 85% of the GDP in the Manufacturing industry.
- The duds this quarter? Beverages and tobacco fell to 82.2% from 87.0% in the 1st quarter.
