- Prior quarter: 78.5% revised to 78.6%
Particulars:
- Canadian industries operated at 79.1% capability in Q2 2024.
- This can be a slight improve from 78.6% in Q1 2024.
- The Q1 2024 capability utilization was revised up by 0.1 proportion level.
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Mining, Quarrying, and Oil and Gasoline Extraction
- Capability utilization elevated by 1.6 proportion factors to 77.2% in Q2.
- Development pushed by greater exercise in oil sands extraction (following resumption after upkeep) and assist actions for mining and oil and gasoline extraction.
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Development
- Capability utilization decreased by 0.2 proportion factors to 82.4% in Q2.
- Decline attributed to a downturn in residential constructing development.
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Manufacturing
- Capability utilization rose by 0.5 proportion factors to 77.6% in Q2.
- Improve led by laptop and digital product manufacturing (+5.1 proportion factors) and wooden product manufacturing (+2.9 proportion factors).
This text was written by Greg Michalowski at www.forexlive.com.
