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Canadian ifirst quarter industry capacity use rises to 81.7%

06/11/2021 | 08:49am EDT
A saw blade is sharpened at West Fraser Pacific Inland Resources sawmill in Smithers

June 11 (Reuters) - Canadian industries ran at 81.7% of capacity in the first quarter of 2021, up from a upwardly revised 79.7% in the fourth quarter of 2020, Statistics Canada said on Friday.

The increase in the first quarter was driven by gains in construction and in mining, quarrying, and oil and gas extraction.

Following are the rates in percent:

Q1 2021 Q4 2020 (rev) Q4 2020 (prev)

Cap. utilization 81.7 79.7 79.2

Manufacturing 76.5 76.7 76.2

NOTE: Economists surveyed by Reuters had forecast a first quarter rate of 80.6% capacity utilization.

(Reporting by Steve Scherer, editing by Dale Smith (steve.scherer@tr.com))

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.80% 75.34 Delayed Quote.44.72%
WTI 0.52% 73.215 Delayed Quote.51.56%
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