Turkiye’s manufacturing capacity rises in July

The Turkish manufacturing industry’s capacity utilisation rate (CUR) increased in July, according to the Central Bank of the Republic of Turkey (CBRT), whose recent survey showed manufacturing units are operating at 78.2 per cent of their capacity this month—up by 0.6 percentage points from June. The highest capacity usage of 84.7 per cent was in textile manufacturing sector.

The lowest was in leather and related products with 69.1 per cent.

Among the main industrial groups, CUR was highest in intermediate goods with 79.2 per cent, while the lowest capacity usage was 72.7 per cent in durable goods.

The Turkish manufacturing industry’s capacity utilisation rate rose in July, according to the Central Bank of the Republic of Turkey, whose recent survey showed manufacturing units are operating at 78.2 per cent of their capacity this month—up by 0.6 percentage points from June. The highest capacity usage of 84.7 per cent was in textile manufacturing sector.

The central bank said 1,733 companies responded to the survey this month.

The manufacturing confidence index fell to 103.7 in July, from 106.4 in June. The seasonally-adjusted manufacturing confidence index weakened to 102.5 in July from 104.6 in the previous month.

The confidence index marks the lowest level since July 2020, according to Turkish news media reports.

The current total order amount, the total employment in the next three months, the export order amount in the next three months, the fixed capital investment expenditure, the production volume in the next three months and the total order quantity in the last three months all showed a downward trend.

Fibre2Fashion News Desk (DS)