CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

LATEST MAGAZINE

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Capacity utilization dips for Canadian manufacturers in January

Share This Post

Lower production in January led to a drop in capacity utilization for Canadian manufacturers.

The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector decreased from 75.7% in December to 74.1% in January, according to Statistics Canada data.

The capacity utilization rate fell in 12 of 21 industries, driven by transportation equipment (-9.8 percentage points), primary metal (-4.1 percentage points) and non-metallic mineral product (-11.2 percentage points). Shutdowns at auto assembly plants were responsible for the decline in the capacity utilization rate of the transportation industry, which is down 9.8% from the previous month and 11.8% compared to the previous year, standing at just 61.2%.

Capacity utilization for primary metal manufacturing was down to 69.7% in January but capacity utilization for fabricated metal product manufacturing stood at 71.2 %, a 1.2% increase from the previous month and a 4.1% increase from January a year ago.

The total value of unfilled orders rose 1.8% to $99.5 billion in January mostly due to higher unfilled orders of aerospace product and parts (+1.5%) and machinery (+5.1%). On the positive end, the total value of new orders increased 1.1% to $66.6 billion in January.

Share This Post


Recent Articles



WordPress Ads
Wordpress Social Share Plugin powered by Ultimatelysocial
error

Enjoy this post? Share with your network