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Turkey’s manufacturing capacity up in July

by John Pierce
July 3, 2023
in Business
1 min read
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Exploiting capabilities rate (CUR) in Increasing the Turkish manufacturing industry in July, the central bank of Republic of Turkey (CBRT) announced on Monday.

Domestic manufacturing units are operating at 78.2% of capacity this month, up 0.6 percentage points From June, according to a survey conducted by bank.

CURI numbers are based on on . replies of local units operating in manufacturing to a business trend scan.

report from the central bank He said that while about 1,733 companies responded to the survey this month, the data does not reflect the bank’s views or predictions.

between the main INDUSTRIAL GROUPS, CUR . KAN highest in intermediate goods with 79.2%, while the lowest capacity utilization was 72.7%. in Goods bear.

at the sectoral level sideThe highest Capacity use was in Manufacturing of Textiles with 84.7% while the lowest was in Leather and related products with 69.1%.

Separate data from central bank It showed that the manufacturing confidence index fell to 103.7 in July, from 106.4 in Jun.

seasonally adjusted The manufacturing confidence index weakened to 102.5 in July, from 104.6 in Previous Month.

The confidence index marks its lowest level since July 2020.

When diffusion indicators of Survey questions that make up The index was checked and it was found that the index of Reviews about current Inventories of finished goods showed an increasing trend.

Meanwhile, the evaluations regarding current total ranking amountThe total Recruit in The next Three months, export order amount in The next Three months fixed Capital investment expenditures, production volume in The next three months and total order quantity in The last Three months all showed a downward trend.

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