Canadian industries operated at 78.5% of their production capacity in the first quarter, which was little changed from the rate in the fourth quarter of 2023.
Capacity utilization in manufacturing edges down
The capacity utilization rate in the manufacturing sector edged down 0.1 percentage points from the fourth quarter of 2023 to 76.8% in the first quarter of 2024. The decline was driven by a slowdown in wood product manufacturing (-3.0 percentage points) and non-metallic mineral product manufacturing (-4.5 percentage points)
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