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Canadian Q2 industry capacity use rises to 83.3%

Credit: REUTERS/REBECCA COOK

Canadian industries ran at 83.3% of capacity in the second quarter of 2019, up from an upwardly revised 81.1% in the first quarter, Statistics Canada said on Wednesday. This was the highest capacity utilization rate since the second quarter of 2018.

Sept 11 (Reuters) - Canadian industries ran at 83.3% of capacity in the second quarter of 2019, up from an upwardly revised 81.1% in the first quarter, Statistics Canada said on Wednesday. This was the highest capacity utilization rate since the second quarter of 2018.

The increase was mainly attributed to the mining, quarrying and oil and gas extraction sector.

Following are the rates in percent:

Q2 2019 Q1 2019 (rev) Q1 2019 (prev) Cap. utilization

83.3

81.1

80.9 Manufacturing

80.3

78.5

78.2

NOTE: Economists surveyed by Reuters had forecast a second quarter rate of 81.8% capacity utilization. (Reporting by Dale Smith)

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