Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-Canadian industrial capacity use dips in fourth quarter

Published 2016-03-10, 08:52 a/m
© Reuters.  UPDATE 1-Canadian industrial capacity use dips in fourth quarter

(Adds details from report)
OTTAWA, March 10 (Reuters) - Canada's industrial capacity
use dipped in the fourth quarter from the prior period on a
decline in activity in the construction and oil and gas
extraction sectors, data from Statistics Canada showed on
Thursday.
Capacity utilization was 81.1 percent in the quarter, shy of
economists' expectations of 81.6 percent. Statscan lowered the
third-quarter figure to 81.6 percent from an initially reported
82.0 percent.
Lower activity in most parts of the construction industry
sent the sector's utilization rate down to 83.7 percent from
84.7 percent in its fourth consecutive quarter of declines.
The oil and gas industry operated at 78.3 percent of its
capacity, down from 79.4 percent as extraction volumes fell. The
energy sector has suffered because of the drop in oil prices.
The manufacturing sector overall ran at 83.3 percent of its
capacity, down slightly from 83.4 percent. The utilization rate
fell in 12 of the industry's 21 major groups. Those groups
accounted for about 60 percent of manufacturing's gross domestic
product.
For the year overall, the average capacity utilization rate
fell 1 percentage point to 81.3 percent. The cheaper price of
oil, a major Canadian export, put Canada in a mild recession in
the first half of 2015.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Graphic - Canada economic dashboard: http://graphics.thomsonreuters.com/15/sc-canada/index.html

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.