Turkish manufacturing capacity utilization up in April

By Tuba Ongun

ANKARA (AA) - The capacity utilization rate of Türkiye's manufacturing industry grew in April, according to official data released on Monday.

Local manufacturing industry units operated at 75.6% of their capacity this month, up 1.4 percentage points from March, the Turkish Central Bank data showed.

The seasonally adjusted capacity utilization rate in the manufacturing industry increased 1.9 percentage points to 75.4% in December, down from 73.5% in the previous month.

While the highest capacity utilization was recorded in investment goods at 79.1% in April, the lowest was seen in durable consumer goods at 71.9%.

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

The Turkish Central Bank said 1,718 companies responded to the survey this month, and the data did not reflect the bank's views or predictions.