According to the “Manufacturing Industry Capacity Utilization Rate” bulletin published today by the Central Bank of the Republic of Türkiye (CBRT), the general capacity utilization in the manufacturing sector increased by 0.2 points compared to the previous month to 74.4%.
According to Central Bank data, November results show that the industry's appetite for production continued as we entered the last quarter. The seasonally adjusted capacity utilization rate (CU-SA) also increased by 0.1 points to 74,1%.
Determined by the responses of 1,791 workplaces
The Central Bank of the Republic of Turkey (CBRT) stated that the data in question were compiled from the responses of 1,791 enterprises operating in the manufacturing industry to the Economic Tendency Survey. Accordingly, both the seasonally adjusted and unadjusted indicators show that production capacity moved slightly upwards in November.
Increase for three consecutive months
The capacity utilization rate continued its recovery process after August in November as well. The three consecutive months of increase, along with the balancing of demand conditions, indicates that production plans are proceeding more strongly in some sub-sectors.
Limited but steady momentum in the manufacturing industry
Experts note that although the increases in capacity utilization (CU) are not yet at high levels, they indicate a steady uptick in production. However, the current data show that the sector is still not utilizing a significant portion of its potential. Comments suggest that the capacity utilization rate around 74% reflects firms’ cautious production planning, closely monitoring the demand outlook.
With the CBRT’s survey results for the last month of the year, the production trend with which the manufacturing industry will enter 2025 will become clearer with the December data.
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