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Turkey's manufacturing capacity continues to rise in September

Manufacturing industry units operate at 78.1% of capacity in September, Central Bank data shows

11:56 - 24/09/2021 Friday
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File photo

The Turkish manufacturing industry’s capacity utilization rate (CUR) increased month-on-month in September, marking the fourth straight monthly rise, fresh data showed on Friday.

The local manufacturing industry units operated at 78.1% of their capacity this month, up one point from August, according to a Turkish Central Bank survey released on Friday.

Among the main industrial groups, the highest CUR was 79.9% for intermediate goods, while the lowest was 72.5% for food and beverage.

On the sectoral side, the highest capacity usage was in the manufacturing of wood and wood/cork products, excluding furniture, at 84.5% in September, while the lowest was in leather production with 63.7%.

The figures are based on responses to the bank’s business tendency survey by local units operating in the manufacturing industry, the bank said.

The monthly data -- collected from 1,765 companies in September -- does not reflect the bank’s views or predictions, it added.

#Turkey
#manufacturing capacity
#September 2021
3 years ago