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UPDATE 1-Canada industry capacity use falls again in Q2

Published 2015-09-10, 08:41 a/m
© Reuters.  UPDATE 1-Canada industry capacity use falls again in Q2

(Adds details from report)
OTTAWA, Sept 10 (Reuters) - Canada's industrial capacity use
in the second quarter fell for the second consecutive quarter,
with manufacturing and the mining and oil industries leading the
decline, data from Statistics Canada showed on Thursday.
Capacity utilization was 81.3 percent, short of economists'
expectations for 81.7 percent. The first quarter was revised
slightly lower to 82.6 percent.

Capacity use in the mining, quarrying, and oil and gas
extraction sector fell amid lower demand for support industries.
Decreased oil extraction also more than offset an increase in
gas extraction.
Oil prices have slumped over the past year, helping to put
oil-exporting Canada into a mild recession in the first half of
2015.
The capacity utilization rate declined in 13 of the 21 major
groups in the manufacturing sector, making up about 75 percent
of the sector's gross domestic product. A decline in capacity
use in the durable goods industries was the main driver of the
overall manufacturing sector's decline.

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