Forex

Canada capacity use Q2 79.1% vs 78.6% final quarter

.Previous zone: 78.5% revised to 78.6% Details: Canadian fields ran at 79.1% capacity in Q2 2024. This is actually a minor increase coming from 78.6% in Q1 2024. The Q1 2024 capability utilization was modified up through 0.1 percent point.Mining, Quarrying, and Oil as well as Gas ExtractionCapacity use increased through 1.6 percent points to 77.2% in Q2.Growth driven by greater task in oil sands extraction (observing resumption after routine maintenance) as well as assistance tasks for mining as well as oil as well as gas extraction.ConstructionCapacity usage decreased by 0.2 portion suggest 82.4% in Q2.Decline attributed to a downturn in domestic property construction.ManufacturingCapacity utilization climbed through 0.5 amount lead to 77.6% in Q2.Increase led through computer system and electronic product manufacturing (+5.1 amount points) and also timber item manufacturing (+2.9 percentage points).This post was written through Greg Michalowski at www.forexlive.com.

Articles You Can Be Interested In