Türkiye's capacity utilization up in March

By Gokhan Ergocun

ISTANBUL (AA) - The capacity utilization rate for the Turkish manufacturing industry saw an increase of 0.3 percentage points to 75.2% in March on a monthly basis, a Turkish Central Bank survey showed on Tuesday.

Data posted that the highest utilization in this month was 74.8% in intermediate goods, and the lowest rate was 72.1% in durable consumer goods.

Broken down by sector, the highest capacity usage was in the manufacture of paper products at 84%, while the lowest, 61.2%, was in leather products.

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

The Turkish Central Bank said 1,738 companies responded to the survey this month, and the data does not reflect the bank's views or predictions.