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.
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