Turkish capacity utilisation rate rises to 76% in December.

By bne IntelliNews December 25, 2013

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.

Related Articles

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss