Monitor the CA Capacity Utilization Rate to gauge inflation risks as producers raise prices.
This is a key indicator of consumer inflation. When producers approach full capacity, they tend to increase prices, which often results in higher costs for consumers.
What it Measures
It reflects the percentage of resources currently being used by manufacturers, construction companies, mines, oil extractors, and utilities.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered positive for the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • This data is published quarterly, approximately 70 days after the end of each quarter.
How Data is Derived
N/A
Also Known As
Industrial Capacity Utilization Rate
Acronym
N/A