Packaging Logs Lumber Topics Strategy Production Сapacity Production All topics Press Releases Archive Newsletters Search Canadian wood product manufacturing shows resilience with March 2023 capacity utilization rebound

Despite a slight decline in the overall manufacturing sector in February, Canadian wood products manufacturing demonstrated resiliency in March 2023. According to Statistics Canada, the capacity utilization rate of the wood product manufacturing industry was 80.8% in March 2023, a significant rebound from 76.8% in February 2023. However, this represents a decrease when compared to the same period last year, where the rate stood at 85.6%.