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Turkey's industrial capacity usage falls slightly to 75.6% in December

by Anadolu Agency

ANKARA Dec 25, 2020 - 11:33 am GMT+3
An employee assembles products in the Mechanical and Chemical Industry Corporation's (MKEK) Maksam Machine and Mask Factory in the capital Ankara, Turkey, May 15, 2020. (Sabah Photo)
An employee assembles products in the Mechanical and Chemical Industry Corporation's (MKEK) Maksam Machine and Mask Factory in the capital Ankara, Turkey, May 15, 2020. (Sabah Photo)
by Anadolu Agency Dec 25, 2020 11:33 am

Turkey's manufacturing industry's capacity utilization rate dropped slightly on a monthly basis in December, the Central Bank of the Republic of Turkey (CBRT) said Friday.

The industry used 75.6% of its capacity this month, down 0.2 percentage points from last month, the bank survey revealed.

The capacity utilization figures are based on the responses given to its business tendency survey by local units operating in the manufacturing industry, according to the bank.

It also said that the monthly data does not reflect the bank's views or predictions.

Among more than 20 sectors, the highest capacity utilization was seen in the manufacturing of wood and wood/cork products –excluding furniture – with 83.4% this month.

The lowest capacity utilization rate was seen in the beverages sector, with 55.6%.

On the main industrial groups' side, the highest capacity utilization rate was 77.6% for intermediate goods, while the lowest capacity usage was 71% for nondurable consumer goods.

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