Canada: Industries operated at 85.0% of their production capacity in Q3

Eren Sengezer FXStreet

"Canadian industries operated at 85.0% of their production capacity in the third quarter, up from 84.3% the previous quarter," the Statistics Canada reported today.

This was the fifth consecutive quarterly increase.

The increase in the third quarter was mainly driven by construction and electric power generation, transmission and distribution.

The manufacturing industry operated at 85.2% of its capacity in the third quarter, up slightly from the previous quarter.

This followed four consecutive increases since the third quarter of 2016.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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