Turkey's capacity usage rises in April

Turkey's capacity usage rises in April

Turkeys capacity usage rises in April

The Turkish manufacturing industry’s capacity utilization rate rose in April from the previous month, the country’s Central Bank said on April 24.

The rate climbed 0.7 percentage points month-on-month to reach 75 percent in April, the Central Bank survey showed.

The capacity utilization rate (CUR) figures are based on responses to the bank’s business tendency survey by local units operating in the manufacturing industry, according to the bank.

Out of over 20 sectors, the highest CUR in April was seen among manufacturers of tobacco products, with 85.13 percent. The lowest was from among manufacturers of leather and related products, with 60.5 percent.

In the six main industrial groups, the highest capacity usage was 74.7 percent for intermediate goods, while the lowest CUR was 71.4 percent for durable consumer goods.

The usage rate in the consumer goods industry inched up to 73.6 percent in April from 73.3 percent in the previous month, while in the investment goods manufacturing industry the CUR rose to 74.2 percent from 73.5 percent in March.

The bank also reported that the seasonally-adjusted capacity utilization in the manufacturing industry increased to 75 percent in April from 74.7 percent in March

The Central Bank said the monthly data, gathered from some 1,745 companies in April, does not reflect its own views or predictions.

Turkish Central Bank, 2019,