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

Capacity utilization rate increases for Canadian manufacturers

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Canadian fabricated metal manufacturing capacity utilization increased to 80.2% in March. PHOTO courtesy Universal Robot.

The capacity utilization rate (not seasonally adjusted) for the manufacturing sector rose from 77.5% in February to 81.3% in March, on higher production, Statistics Canada reports.

The growth in capacity utilization rates was noticeable in the transportation equipment (+8.5 percentage points) and primary metal (+3.5 percentage points) industries.

Fabricated metal product manufacturing also showed a noticeable 5.4% increase from the previous month with a 0.3 improvement year over year. Capacity utilization for fabricated metal manufacturers stood at 80.2%.

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