Türkiye's capacity utilization rate down in August

By Gokhan Ergocun

ISTANBUL (AA) - The capacity utilization rate for the Turkish manufacturing industry fell to 73.6% in August, a Turkish Central Bank survey said Monday.

The figure fell 0.5 percentage points monthly from 74.1% in July.

According to the data, the highest utilization in August was 74.7% for intermediate goods, which was unchanged from July.

Meanwhile, the lowest utilization rate was 68.1% in investment goods, also down from 71.1%.

Broken down by sector, the highest capacity usage was in the manufacture of tobacco products at 85.9%, while the lowest, 64.3%, was in leather products.

The capacity utilization rate figures are based on responses from a business tendency survey of local manufacturing units.

The Turkish Central Bank said 1,832 companies responded to the survey this month, and the data does not reflect the bank's views or predictions.