15 December 2009 14:35 [Source: ICIS news]
TORONTO (ICIS news)--Capacity plant utilisation in Canada’s chemicals industry was 72.3% in the third quarter, down from 82.3% in the 2008 third quarter, the country’s federal statistics agency said on Tuesday.
However, capacity utilisation rose sequentially by 2.7points to 72.3% in the 2009 second quarter, mainly due to improved plant utilisation in the pharmaceuticals and medicine sector, Statistics Canada said.
The decline in chemicals compares with overall Canadian industrial capacity utilisation of 67.5% in the third quarter, down 11.4 points from 78.9% in the 2008 third quarter and down 0.2 points from 67.7% in the 2009 second quarter.
Capacity use fell in all non-manufacturing sectors, but at a much slower pace than in the previous quarter, the agency said.
Canadian manufacturing capacity utilisation was 65.6%, down 12.9 points from 78.5% in the year earlier period but up 0.9 points from 64.7% in the 2009 second quarter.
The sequential increase in manufacturing followed four quarters of straight declines. It was led by strength in transportation and motor vehicles, where capacity utilisation rose for a second straight quarter following eight consecutive quarterly declines, the agency said.
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