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- Canadian industries operated at 82.6% of their production capacity in the third quarter, down from 84.1% in the previous quarter
Canadian industries operated at 82.6% of their production capacity in the third quarter, down from 84.1% in the previous quarter
The decline came in the wake of five consecutive quarterly increases.
The decrease in the third quarter was mainly attributed to declines in the manufacturing industries.
The capacity utilization rate of the manufacturing sector fell 2.9 percentage points to 78.8% in the third quarter. Year over year, the rate was down 1.5 percentage points. The decrease coincided with a decline in output.
Year over year, capacity utilization decreased in 16 of the 21 major manufacturing groups, accounting for approximately 70% of the manufacturing sector's gross domestic product.
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