The manufacturing capacity utilisation rate (CUR) declined to 73.3% in February from 73.9% in January, the statistics institute TUIK said on Monday. The CUR stood at 72.2% in the same month of 2013. Note that, the CUR plummeted to 73.9% in January from 76% in December 2013.
The seasonally adjusted CUR was 74.4% in February, slightly lower than the previous month’s 74.6%.
The CUR in the durable consumer goods industry rose to 70.4% from 68.6% while the utilisation rate in the consumer goods sector advanced to 72.2% versus 71.9%. The food industry’s CUR fell slightly to 70.5% from 70.7%, the utilisation rate in the intermediate goods industry increased to 76.1% from 75.7%. The CUR in the capital goods manufacturing industry declined to 70.9% from 73.7%.
Turkey will not extradite any terror suspects to the US if Washington continues to refuse to hand over Fethullah Gulen, President Recep Tayyip Erdogan said on January 11. Ankara blames the ... more
The Turkish central bank reported on December 7 that its gross forex reserves last week experienced a record drop, declining to $89.85bn on December 1 from $96.35bn a week earlier. ... more
EU governments have agreed with the European Parliament to withdraw €105mn that would have gone to help finance political ... more