CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Manufacturing capacity utilization rate increases

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Fabricated metal products manufacturers increase their capaciity utlization in February, although the industry still trails the national average. PHOTO courtesy Rapid Gear

The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increased from 77.0% in January to 78.1% in February, according to Statistics Canada.

Fabricated metal products manufacturers also increased their capacity utilization in February, although they are still not operating at national levels. Fabricated metal products manufacturers increased their capacity by 1.1% to 72.9% compared the 71.8% the previous month.

 Despite the improvement they still trail the national manufacturing capacity average by more than four percentage points and the industry’s capacity is down 1.6% compared to the same point a year ago.

Further comparisons: Capacity utilization rates increased in the machinery (+2.3 percentage points), transportation equipment (+1.5 percentage points) and food (+1.8 percentage points) subsectors. The gains were partly offset by lower capacity utilization rates in the primary metal (-1.0 percentage points) and paper product (-1.9 percentage points) subsectors.

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