Canadian industrial companies’ use of their production capacity increased at the start of the year as oil and gas companies boosted output.
The share of plant capacity in use rose to 81.1 percent in the first quarter from a revised 80.5 percent in the final three months of 2012, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News forecast an 81.5 percent reading, the median of six estimates.
Capacity use at oil and gas extraction companies rose to 87.4 percent in the quarter, from 85.6 percent the previous quarter. Mining and quarrying companies recorded a 66 percent capacity use, up from 61.3 percent.
Overall manufacturing capacity use rose to 79.7 percent from 79.5 percent. Transportation equipment producers utilization levels fell to 85.9 percent from 88.4 percent.
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