Turkey’s capacity utilization decreases in October

According to data released by the Central Bank of the Republic of Turkey, Turkey’s capacity utilization in the manufacturing sector declined 0.2% on a monthly basis to reach 76.4% in October when compared to 76.6 in September. The seasonally adjusted capacity utilization rate in the manufacturing industry also declined 0.6% on a monthly basis to 75% from 75.6% in September.

Turkey’s capacity utilization rates increased in durable goods to 76.7% in October from 74.9 in September and by 0.5% to 76.9% from 76.4 in investment goods while utilization rates decreased by 1.8% to 71% from 72.8 in non-durable goods, by 1.1% to 72.1% from 73.2 in consumer goods and by 1.2% to 69.7% from 70.9 in the food and beverage sector in October.