27 September 2006 16:29 [Source: ICIS news]
TORONTO (ICIS news)--Capacity utilisation at Canadian-based chemicals plants rose by 1.4 percentage points to reach 80.8% in the second quarter, compared with the same period in 2005, Statistics Canada (StatsCan) said on Wednesday.
The rate for the three months ended 30 June compares with 78.4% in the 2006 first quarter, Ottawa-based StatsCan said.
StatsCan primarily credited the increase to higher capacity utilisation of resin and synthetic rubber makers, which boosted production by 10.6%.
The data for the chemicals industry compares with a 1.1% decline in Canadian manufacturing capacity utilisation in the second quarter. Manufacturing capacity utilisation was 83.1% in the April-June period, compared with 84.2% in the same period last year. Manufacturing capacity utilisation dropped 0.6% from 83.7% in the 2006 first quarter. StatsCan noted that the 2006 second-quarter manufacturing capacity utilisation marks the lowest rate since the second quarter of 2004 when it was 83%.
Overall industrial capacity utilisation in ?xml:namespace>
StatsCan defines the capacity utilisation rate as the ratio of an industry's actual output to its estimated potential output.
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