Türkiye's capacity utilization rate down in February

By Mucahithan Avcioglu

ISTANBUL (AA) - The capacity utilization rate for Türkiye’s manufacturing industry declined to 73.5% in February, according to a Turkish Central Bank survey released Friday.

The figure marked a decrease of 0.6 percentage points from 74.1% in January.

Among the main industrial groups, the highest utilization rate in February was 74.9% in intermediate goods, down 0.3 percentage points from the previous month.

At the other end, durable consumer goods recorded the lowest rate at 66.7%, a decline of 0.8 percentage points month-on-month.

By sector, the manufacture of tobacco products posted the highest capacity usage at 84%, while the lowest rate, 60.8%, was recorded in the leather industry.

The figures are based on responses to a business tendency survey of domestic manufacturing units.

The Turkish Central Bank said 1,773 companies participated in the survey this month, adding that the data does not reflect the bank’s views or forecasts.