Turkish manufacturing capacity up in July

By Gokhan Ergocun

ISTANBUL (AA) - The capacity utilization rate (CUR) in the Turkish manufacturing industry increased in July, the country's Central Bank announced on Monday.

Local manufacturing industry units are operating at 78.2% of their capacity this month, up 0.6 percentage points from June, according to a survey by the bank.

CUR figures are based on the responses of local units operating in the manufacturing industry to a business tendency survey.

A report by the Central Bank said that while some 1,733 companies responded to the survey this month, the data did not reflect the bank's views or predictions.

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

On the sectoral side, the highest capacity usage was in the manufacturing of textiles with 84.7%, while the lowest was in leather and related products with 69.1%.