15 September 2011 15:49 [Source: ICIS news]
Correction: In the ICIS story headlined "Canada Q2 chem plant utilisation falls 1.2% from Q1 – agency" dated 15 September, please read the headline as "…falls 1.2 pts…" instead of "…falls 1.2%…".
The decline was mainly due to reduced production of pharmaceuticals and medicine, which fell for the fifth quarter in a row, Ottawa-based Statistics Canada said in a data release.
However, lower production of basic chemicals also played a role in the sequential decline in chemical plant capacity use, the agency added.
Compared with the second quarter of 2010, chemical plant utilisation was up 2.0% year on year.
Overall, Canadian industries operated at 78.4% of their production capacity in the second quarter, down from 78.9% in the first quarter. The decline followed seven consecutive quarterly increases in capacity utilisation.
The transportation equipment industry was the biggest contributor to the second-quarter decline. Capacity utilisation in that sector fell 4.5% from the first quarter.
Compared with the second quarter of 2010, overall Canadian industry capacity utilisation was up 2.4% year on year.
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