Turkiye's manufacturing capacity utilisation rate falls to 75.9%: CBRT

The country’s seasonally adjusted capacity utilisation rate for the manufacturing industry dropped by 0.7 percentage points to 75.9 per cent in December compared to 76.6 per cent in May, according to a recent survey of 1,734 companies carried out by the CBRT. Capacity utilisation rates are estimated after taking into account the responses of local units working in the manufacturing industry to a business tendency survey, a Turkish news agency said.

Moreover, business confidence of Turkish manufacturers declined to 97.8 points in December from 97.9 points in November. While a figure below 100 points towards pessimism on the business confidence index, a tally of 100 or above reflects optimism.

Fibre2Fashion News Desk (NB)