The country’s seasonally adjusted capacity utilisation rate for the manufacturing industry dropped by 0.7 percentage points to 75.9 per cent in December compared to 76.6 per cent in May, according to a recent survey of 1,734 companies carried out by the CBRT. Capacity utilisation rates are estimated after taking into account the responses of local units working in the manufacturing industry to a business tendency survey, a Turkish news agency said.

Turkiye’s manufacturing capacity utilisation rate decreased to 75.9 per cent in December 2022 from 76.9 in November, as per the Central Bank of the Republic of Turkiye (CBRT). The lowest capacity utilisation rate was noted for durable consumer goods at 72.1 per cent and the highest for investment goods at 76.8 per cent in December this year.

Moreover, business confidence of Turkish manufacturers declined to 97.8 points in December from 97.9 points in November. While a figure below 100 points towards pessimism on the business confidence index, a tally of 100 or above reflects optimism.

Fibre2Fashion News Desk (NB)