In Canada the capacity utilization rate has climbed from 80.5% the previous quarter to 81%. As Canada is a resource based economy, this could be an indication that the commodities market will improve in the next quarters. Capacity utilization rates above 80% are inflationary.
http://www.bloomberg.com/news/2012-09-13/canada-second-quarter-capacity-utilization-report-text-.html
U.S. capacity utilization took a dive in August 2012 to 78.2%, much less than the forecast. This is the lowest since October 2011 and a huge break of the trendline. We can't make too much conclusions on this number because QE3 has just been announced and will have an effect on the future.
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