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Türkiye's manufacturing capacity ticks up in September

by Anadolu Agency

ANKARA Sep 25, 2023 - 10:31 am GMT+3
The production line of Türkiye's first domestic vehicle, Togg, Bursa, northwestern Türkiye, Sept. 20, 2023. (IHA Photo)
The production line of Türkiye's first domestic vehicle, Togg, Bursa, northwestern Türkiye, Sept. 20, 2023. (IHA Photo)
by Anadolu Agency Sep 25, 2023 10:31 am

The capacity utilization rate (CUR) of Türkiye's manufacturing industry increased in September when compared to a month earlier, according to official data released Monday.

Local manufacturing industry units operated at 77.3% of their capacity this month, improving from 76.1% in August, the data of the Central Bank of the Republic of Türkiye (CBRT) showed.

The seasonally adjusted capacity utilization rate in the manufacturing industry gained 1.2 percentage points month-over-month to 76.9% in September.

While the highest capacity utilization in September was in investment goods at 78.3%, the lowest was in non-durable consumer goods at 73.3%.

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

The CBRT said 1,743 companies responded to the survey this month.

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  • Last Update: Sep 25, 2023 12:24 pm
    KEYWORDS
    manufactuing industry capacity utilization rate türkiye turkish central bank
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