The manufacturing capacity utilisation rate (CUR) rose to 76.4% in October from 75.4% in September, the Central Bank on Friday. The CUR was 74.9% in October 2012.
The seasonally-adjusted CUR edged up to 75.8% from 75% in the previous month.
The CUR in the durable goods industry advanced slightly to 73.7% in October from 73.1% in September while the consumer good sector’s CUR rose to 74.8% from 72.7%.
The capital goods industry’s CUR rose slightly to 75.6% from 75.2% and the CUR in intermediate goods manufacturing sector increased to 78.1% from 77.6%. The Central Bank also reported that the food & drinks sector’s capacity usage rate rose to 73.9% from 70.7%.
With the October data, the average CUR came to 74.4% in the first nine months of the year, slightly higher than the average CUR of 74.2% in January-October 2012.
Turkey’s manufacturing industry expanded 3.4% y/y in Q2, up from 1.6% y/y in Q1, GDP data showed.
The headline Turkey manufacturing PMI rose further in September and production rose at its fastest pace since the beginning of the year. The headline PMI registered 54.0 in September, up from 50.9 in August. October PMI data will be released on November 1.
Related Articles
Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more
Iran's Araghchi arrives in Turkey for talks on US military build-up as Ankara looks to act as mediator
Iranian Foreign Minister Abbas Araghchi arrived in Istanbul on January 30 for meetings with Turkish officials to discuss regional issues amid what he described as serious challenges posed by US ... more
TPAO and ExxonMobil sign deal for offshore exploration
The Turkish Petroleum Corp. (TPAO) has formalised a strategic partnership with Esso Exploration International, a subsidiary of ExxonMobil, marking a significant escalation in Türkiye’s ambitions ... more