Turkish manufacturing capacity slips in August

By Aysu Bicer

ANKARA (AA) – The capacity utilization rate (CUR) in the Turkish manufacturing industry diminished in August, the country’s Central Bank announced on Thursday.

Local manufacturing industry units are operating at 76.7% of their capacity this month, down by 1.5 percentage points from July, according to a survey by the bank.

Among the main industrial groups, CUR was highest in intermediate goods at 78.3%, while the lowest was 72.2% for investment goods.

CUR figures are based on the responses of local units operating in the manufacturing industry to a business tendency survey.

The monthly data, collected from 1,754 companies in August, does not reflect the bank’s views or predictions, the Central Bank said.​​​​​​​