Manufacturing capacity utilization rate drops slightly in September

The primary and fabricated metal industries bucked the trend and increased capacity utlization in September. PHOTO courtesy OptiMAX.

The capacity utilization rate (not seasonally adjusted) for Canadian manufacturers dipped slightly in September, decreasing from 77.8% in August to 77.4%, Statistics Canada records indicate.

The capacity utilization rate fell in 9 of 21 industries in September, particularly in the petroleum and coal product (-4.1 percentage points) and transportation equipment (-3.1 percentage points) industries.

The decreases were partially offset by a higher capacity utilization rate in the primary metal (+5.7 percentage points) and fabricated metal product (+3.9 percentage points) industries.

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