The capacity utilisation rate (CUR) in Turkish manufacturing industry dropped to 75.6% in November from 76.4% in October, its highest level this year.
Despite a drop in November from its October level, the CUR still remained above the y-t-d average of 74.5%. But, the business confidence index, also compiled and released by the Central Bank on Monday, fell for a second consecutive month in November. The decline in CUR and business confidence, if taken together, may be a sign that the pace of economic activity may lose momentum in the period ahead.
The seasonally-adjusted CUR also fell to 74.9% in November from 75.7% in the previous month.
Data show that the capacity utilisation rate in the durable consumer goods industry retreated to 73% from 73.7% in October while the CUR in the consumer goods manufacturing sector dropped to 73.8% from 74.8%.
The capital goods industry’s CUR fell to 74.9% from 75.6% and the CUR in intermediate goods manufacturing sector dropped to 77.3% from 78.1%. The food & drinks sector used 73.4% of its capacity in November, slightly down from 73.9% in the previous month.
Related Articles
Kurdish official estimates Iraqi oil losses at $28bn
The 18-month suspension of oil exports from Iraqi Kurdistan has cost the state more than $28bn in lost revenue, a senior Kurdish official has said, as the fiscal damage is compounded by security ... more
Turkey’s Şahinler invests $100mn in Egypt’s garments and tourism sectors
Turkish group Şahinler Holding is expanding its operations in Egypt with new investments exceeding $100mn across the ready-made garments and tourism sectors, Al Sharq Business reported on August 27, ... more
Turkish government plans special "People's Aisle" sections in markets for cheaper products
A new government-backed initiative called “Cumhur Reyonu” (“People’s Aisle”) will be rolled out across Turkey’s major supermarket chains, which collectively operate over 55,000 branches ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
24 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago