Forex

Canada capacity usage Q2 79.1% vs 78.6% last quarter

.Previous sector: 78.5% modified to 78.6% Details: Canadian industries ran at 79.1% capacity in Q2 2024. This is a mild boost from 78.6% in Q1 2024. The Q1 2024 capacity usage was revised up through 0.1 percent point.Mining, Quarrying, and Oil and Gasoline ExtractionCapacity usage raised through 1.6 percentage points to 77.2% in Q2.Growth driven by much higher activity in oil sands removal (following resumption after maintenance) and also support activities for exploration as well as oil as well as gas extraction.ConstructionCapacity usage deducted 0.2 amount lead to 82.4% in Q2.Decline credited to a slump in domestic building construction.ManufacturingCapacity usage climbed through 0.5 percentage lead to 77.6% in Q2.Increase led through personal computer and also electronic product manufacturing (+5.1 amount factors) and hardwood item manufacturing (+2.9 percentage factors).This article was actually composed by Greg Michalowski at www.forexlive.com.

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