Turkish capacity utilisation rate picks up to 76.4% in October.

By bne IntelliNews October 25, 2013

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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Austrian Chancellor: Tell Turkey it's simply not an EU membership candidate

Austrian Chancellor Christian Kern told a German daily on July 27 that when it comes to Turkey’s European Union accession hopes "it has to be legitimate to say: 'You simply are not a ... more

Spooked Turkish textile exporters fear missing target due to Berlin's Turkey travel warnings

Some German buyers have cancelled trips to Turkey after the rise in political tension between Ankara and Berlin, Seref Fayat, head of the Turkish Clothing Manufacturers Association, said on July 25, ... more

Turkey reportedly set to raise debt limit for first time in 8 years as Ankara fuels credit

Turkey is preparing to raise its debt limit for the first time since 2009 after first-half borrowing left the Treasury near its legal ceiling, Bloomberg reported on July 25. Citing a person with ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    2 days ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    2 days ago
  3. Ukrainian farmers turn to Donbas veterans for protection from raiders
    2 days ago
  4. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    3 days ago
  5. Bosnia’s ruling coalition collapses
    5 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    2 days ago
  2. CHINA RISING: When sleeping giants meet
    16 days ago
  3. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    2 days ago
  4. Belarus’ retail king Euroopt goes on the road
    22 days ago
  5. STOLYPIN: Russia’s cyber-challenge cuts both ways
    24 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss