The capacity utilisation rate (CUR) in Turkish manufacturing industry increased from 75.6% in November to 76% in December.

The CUR remained above the 2013 average of 74.6% in the month. The monthly average CUR was 74.2% in 2012.

The seasonally-adjusted CUR also rose from 75% in November to 75.9% in December.

Data show that the capacity utilisation rate in the durable consumer goods industry slightly retreated from 73% in November to 72.9% in December while the CUR in the consumer goods manufacturing sector remained unchanged at 73.8%.

The capital goods industry’s CUR rose from 74.9% to 76.1% and the CUR in intermediate goods manufacturing sector increased from 77.3% to 77.8%. The food & drinks sector’s CUR also remained unchanged at 73.4% in December.

Earlier this month, the statistics institute (TUIK) announced that the rate of turnover growth in manufacturing industry eased to 6.8% y/y in October from 16.6% in September.

Manufacturing output rose 4.9% y/y in Q3 versus a 3.7% in Q2, according to TUIK’s GDP data.

According to TUIK’s industrial production index data, the manufacturing industry’s output growth slowed to 0.9% y/y in October from 8% y/y in September. In unadjusted term, manufacturing production was down 0.5% y/y in October.

PMI climbed to a 32-month high of 55 in November as output growth accelerated. Turkish manufacturing firms reported a sharp increase in production in November as new order growth accelerated at the quickest pace in over two-and-a-half years. Companies reported stronger demand from both domestic and foreign markets.