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Manufacturing capacity utilization in Türkiye drops in February

by Anadolu Agency

ANKARA Feb 22, 2023 - 11:47 am GMT+3
Workers are seen at an engine manufacturing factory in the capital Ankara, Turkey, May 27, 2021. (AA Photo)
Workers are seen at an engine manufacturing factory in the capital Ankara, Turkey, May 27, 2021. (AA Photo)
by Anadolu Agency Feb 22, 2023 11:47 am

The capacity utilization rate of Türkiye's manufacturing industry declined by 0.1% points to 75.7% in February, according to official data released Wednesday.

The seasonally adjusted capacity utilization rate in the manufacturing industry also fell by 0.1% points to 75.2% this month, the Central Bank of the Republic of Türkiye (CBRT) said.

The bank's data showed that the highest capacity utilization rate of 78.1% was recorded in investment goods, while durable consumer goods had the lowest rate of 71.4%.

On the sectoral side, the highest capacity usage was in manufacturing motor vehicles, trailers, and semi-trailers, at 82.1%, while the lowest rate of 66.5% was in beverage products.

Capacity utilization rate figures are based on the responses of local units operating in the manufacturing industry to a business tendency survey.

The Central Bank said 1,678 companies responded to the survey this month, adding that the data does not reflect the bank's views or predictions.

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  • Last Update: Feb 22, 2023 3:12 pm
    KEYWORDS
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