Analyzing Canada's Q4 Capacity Utilization Rate for Various Sectors
Canada Q4 Capacity Utilization Rate: Key Insights
Canadian industries operated at 78.7% capacity utilization in Q4, showcasing a slight decline from the previous quarter.
Manufacturing Sector Performance
The manufacturing sector's utilization rate dropped by 0.7 percentage points to 76.9% in Q4, primarily due to declines in petroleum and coal product manufacturing (-4.7 percentage points) and chemical manufacturing (-2.6 percentage points).
Mining and Oil Extraction Sector Growth
Capacity utilization in the mining, quarrying, and oil and gas extraction sector increased by 1.3 percentage points to 76.3% in Q4, driven by a rebound in oil sands extraction.
Construction Sector Challenges
The construction sector's utilization rate fell by 0.7 percentage points to 82.7% in Q4, as lower engineering activity offset gains in residential and non-residential building construction.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.